FMG 0.90% $20.14 fortescue ltd

A few years ago we let the Swiss company acquire 100% of MIM....

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    A few years ago we let the Swiss company acquire 100% of MIM. Our second largest mining company. no one objected.

    What a bargain that was. And an opportunity. I leant a lot from that, and was very fortunate. At the time I had some MIM call options. The rising price of MIM at the time meant that the increasing security value covered 100% of the option exercise price, so that I effectively got my MIM shares for the very low cost of the call option alone. Without any further outlay. I have never been able to repeat the exercise, although have come close a few times.
 
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