Please correct me if am wrong, but I think that the strenght of the AUD is having alot of a say. Currently around US0.73 back in March it was US58.
Again correct me if I am wrong, FMG contract would be in USDwhich means we a getting less for our buck!!
So, US0.58 equates to AUD$1.72 in March compared to USD0.73 which equates to AUD$1.36.
If my numbers are correct then revenue will be well done, although increased sales will always hold up revenue.
I haven't compared the AUD increase to the IOP increase but I think that the $ overshadows the change in IOP.
Lets hope the AUD shits itself sooner rather than later.
News: FMG Fortescue Announces Increase In Licensed Throughput Of Fortescue's Herb Elliott Port, page-9
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$19.34 |
Change
0.170(0.89%) |
Mkt cap ! $59.34B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.45 | $18.92 | $72.43M | 3.740M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 526 | $19.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.35 | 1317 | 7 |
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