It appears to me that that the banks did back them until a certain point and then withdrew support. Misleading? Negligent? Tough one
To true posborne, I am a large holder here who took a pure "punt" hoping for a quick gain, did not pay off. Who is to blame,it is me. Move on, there are many factors here that lead to FGE demise,The mining tax, the previous Labor Govt, Mining tax, downturn in the mining industry lead by China, falling commodity prices to name just a few. Then on top of this we have management, these people are human, we all are.They can make mistakes just as we all have investing here. It was a punt, we got it wrong, i have moved on and making the loss elsewhere. I suggest you all do the same.That way you keep your sanity at least. regards
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Held