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MNN COMMENT: Fortescue gets its cash; now the real fun begins
CONGRATULATIONS must surely go to the senior management team at Fortescue Metals Group for pulling off an absolute monster debt raising and proving that chief executive Andrew ‘Twiggy’ Forrest can still do what he does best – raise obscene amounts of money. <b>Comment by Paul Garvey.</b>
Less than four weeks ago, Fortescue announced it had secured US investment group Leucadia as a cornerstone investor. With the ink barely dry on that deal to provide capital, Forrest and his team were airborne,...
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