Interesting to see the different approaches from FMG in the article, and AQA's recent ANN (relevant part posted above). FMG is all about debt, and AQA is all about savings. Given tere are $ billions at stake with these two companies, I know what I'd prefer. AQA will need debt, but it is coming from a far safer place than FMG, imo, in currently being debt free and battening down the hatches re spending.
fortescue calls the end of easy finance.., page-18
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