FMG 0.61% $16.40 fortescue ltd

fmg now in trading halt this could be big!!, page-32

  1. 2,499 Posts.
    re: set to fly opps, missed out and feeling a bit sore now are we, poor diddums ;)

    i suggest you read respected mining analyst rob brierly's report on fmg, having looked at fe grades, etc he has given the company his endorsement

    let's face it, you need steel for everything, cars, washing machines, bridges, high rise, apartments, computers, tv's, etc, the chinese are starting to get a taste for the better things in life, and they can afford it now

    rio/bhp were clearly caught off guard by the sudden surge in demand

    for the chinese government 2 billion is a paltry sum, and they'll probably save more than that in the long run by allowing some competition in the pilbara and therefore not allowing rio/bhp to charge exhorbitant prices

    good day :)
 
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