Jantimont, thanks for your reply.
I am not following FMG all that closely other than to know they have huge debt.
Are you telling me that the billions and billions of dollars they were lent in 2011 and in 2012 were lent to them unsecured? Surely lenders know about resources being cyclical and would expect a downturn during the term of the loan - which would put their money at great risk?
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held