FMG alert on unsolicited offer

Fortescue Metals Group Ltd has alerted shareholders of an unsolicited offer to acquire shares from Hassle Free Share Sales Pty Ltd, a fortnight after the same company approached Woodside Petroleum Ltd.


(existing subscribers)

The password field is case sensitive.
Request new password

Sign up for free emails

Complete your details below to receive our twice-daily news emails and our BN Weekender.

Thanks! This question prevents spammers...
Enter the characters shown in the image.


Buffalo, New York
Dear sir/Madam: Okay, I give up !!! I am a virtual rookie at stock purchases, although a multi year follower but; this takes the cake !!! Why, unless the guys had nothing else to do, would you offer a price 1/2 of what a stock is selling for, to existing shareholders? Someone, Please reply to this question, so that I might learn this new tactic . Thank you. Mickey from Buffalo

Mickey, Its a scam of sorts. The company Hassle Free Share Sales Pty Ltd targets people who dont keep up to date with share prices. So lets say Bob bought into FMG 2-3 years ago for around $2. Then out of the blue Bob gets a letter from Hassle Free to buy his shares for $4. They say they'll do all the paper work, will waiver any brokerage fee, pay for any tax incurred from the sale etc. Which sounds great. Since Bob hasnt checked how FMG has been doing recently he thinks he is making double his money. But unbeknownst to him, he is selling way below the market value.

Add your comment

BNIQ are supporters ofCancer Council WA

WA Revenue

2nd-Royal Flying Doctor Service$94.6m
3rd-Ability Centre$64.7m
4th-Telethon Kids Institute$60.6m
5th↑Rocky Bay$57.7m
6th↑Autism Association of WA$53.7m
110 charitable organisations ranked by WA revenue most recent financial year

Number of Employees

Charitable Organisations

BNiQ Disclaimer