Whilst the idea of a private buyout is exciting, i tend to agree with you.
Interesting note from fmg today - Fortescue Metals Group Ltd (FMG) and its relevant subsidiaries advise that it has launched a high yield bond offering for US$1,000 million of Senior Unsecured Notes in relation to the 155Mtpa Expansion and the acquisition of mobile mining fleet to support the 155Mtpa Expansion.
Wonder what percentage of the mining fleet aquisition will be made via Westrac? We'll never know, but i bet KS will be involved, somehow.....
Cheers, Mac
Please dyor
IOH Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
