FMG 1.32% $19.47 fortescue ltd

fmg at key level. take profits or short., page-4

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    Cash on Hand 30/09/13 = $2.8B plus $623.0m from Formosa = $3.423b

    Net debt as at 30/09/13 $9.3b less Formosa funds of $623.0m

    Only downside was that IO production was down by 2.0mt due to the safety issues & conveyor belt repairs

    Production costs down.

    All in all not a bad report imo
 
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