FMG 1.32% $19.47 fortescue ltd

last price $5bucks, 12mth high $5.47, page-29

  1. 3,510 Posts.
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    Farmboy, you are spot on.

    I continue to hold a large parcel at average cost of $4.15, and was tempted to sell some yesterday.

    Call it greed or stupidity, I believe FMG in the not to distant future, subject to debt reduction and IO price not falling below $100.00mt realised selling price that a sp of $7.00 is not a fantasy, especially if they increase dividends as promised

    I am still concerned about the Formosa deal and funds that are to be received to repay $500m in debt, maybe tomorrow's report will shed some light on this?
 
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