Forrest Takes a $1.5 Billion Hit

SMH reported Andrew Forrest has continued to buy large volumes of shares in Fortescue Metals (ASX:FMG).

The market news is quoted as saying,

Mr Forrest’s latest purchase in the company he built came as Fortescue sought to calm skittish investors with news of the most productive quarter in the iron ore exporter’s eight-year history.

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