what is happening with fmg, page-50

Hey Skipperx

In regards to your two question I think the last three ann's from the past week can help you out, they tackle debt, IO grades, shipments and the future, all add up nicely IMO.

Expansion works on hold is pretty well documented and its a fair call given the current global mess were in. FMG's ships are still coming in and going out, so I imagine so is the income unless its all freebies. As for debt repayments 300 odd million I believe in Dec, correct me if I'm wrong, just from memory. 45 to 55 mta for first year still puts a smile on my face and I look forward to next years July 09 full figures.

Again FMG and Andrew has a long history of suprising the market, I tipping the finer points of his recent trip to China will slowly come out, he has played well with the Chinese and this will place him and the company in the box seat IMO, the same can not be said for BHP, RIO or VALE.

Frankie sounds like you need a cuddle..lol, see video below.

Funny video link for Chopper Read fans, if your not look away."Harden Up Australia"

http://www.youtube.com/watch?v=XY3TfjOeuhM