FMG 0.49% $22.59 fortescue ltd

nev power expects io to rebound over $120 soon, page-29

  1. 324 Posts.
    FMG are getting closer and closer to being a marginal producer and they're carrying a whole lotta debt.

    They just sold off the power station and thats probably going to ease the debt burden short term - but build up the cost per tonne of their product.

    Its a scary time to be a holder because the global goodtimes are wrapping up.
 
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