Alas for Twiggy Forrest, who is a good guy, rumours are the least of his worries. It’s the long game that is the problem.
From the AFR:
Responding to market talk that short-sellers are attempting to drive down Fortescue’s share price in an attempt to force Mr Forrest to sell his own holdings to pay back lenders, Mr Forrest said it would not work.
“I have no margin loans at all. I have a very secure position. My wife and I don’t give away hundreds of millions of dollars to charities around Australia and around the world if we’ve got any security issues at all,” he told The Australian Financial Review.
…”We have to play a long game; we have to live beyond the market rumour and tomorrow’s share price,” he said.
