FMG 3.61% $20.10 fortescue ltd

Ann: Media Release FY18 Results, page-15

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    One noteworthy scrap from this is the $US340m capex flagged for Eliwana in FY19 versus $165m in the project announcement less than 3 months ago. Looks like they may be accelerating it, which might also explain the smaller than expected dividend.

    Otherwise the results seem about par.
 
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