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FMG swipes back at Swan

Fortescue Metals Group has hit back at Treasurer Wayne Swan, calling his attack on company founder Andrew Forrest “extreme”, “irrational” and “very disappointing”.

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What is the matter with this bloke? He has spent all of our reserves and now he wants to slay the geese who lay the golden eggs! What part of finance does he not understand?

Perth
The problem is it's true. They do use there power to influence,they do use there money to influence & they badly wounded a former PM.Gina Rhinehart buying into the media?(shudder) Palmer joking about doing the same? I think he was joking! Packer interrupting a NRL grand final to put across scripted comments while the game was in progress about betting reforms, Eddie Mcquire refering to a tax on footy re the same reforms(works for Packer)& News Limited(Murdoch) which controls 71% of the printed press in Australia & has an obvious agenda. About time someone open up this discussion! Go Swan.

totally agreed with the chairmens comments from FMG, really we should be looking at Mr Swan and labours lack of commitment in supporting australia instead of being a burden in adding more taxes, removing green incentives and doing deals with other parties instead of representing the views of their constitutes

Australian Lunatic Party at it again. Making outrageous statements. So now wealthy people threaten democracy. 18 months to go and take your stupid carbon tax with you when you go.

Perth
I'm sorry when did Australia become a communist society, between Gillard and Swan we are about a hairs breadth away from living in communist Russia. Get serious Swanny. I believe we all live here so we get the benefits of a democracy not communism!!!!!!!!

Booragoon
So the Government is now worried about freedom of speech and taxpayers having the ability to publish a view that is counter to their own. I often wish that I could afford a full page advert to get my view across. Thankyou to Fortescue for doing this for me on this occasion.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
125thAtlas Iron88%-48%
157thMineral Resources74%18%
200thNorthern Star Resources52%61%
239thSouth3241%0%
510thFortescue Metals Group-8%10%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/02/18
$0 Issued
19/02/18
$0 Other
19/02/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd-South32$9,392.9m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
506 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

579thMark Barnaba$223k
683rdSharon Warburton$170k
743rdElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

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