FMG 7.31% $18.12 fortescue ltd

FMG / IO Outlook and News, page-442

  1. 3,123 Posts.
    lightbulb Created with Sketch. 998
    Thank goodness we have something else to read. Is it me or the options talk the other thread is putting me to sleep, hehe.

    41M shares traded at VWAP of $6.78, very strong support even when IO future retrieved 11 yuan this morning and finish with day high of $6.83.

    Lot's of profit taking and buy in dips. I don't think we need any DEBT repayment announcement when SP is running this hot, generally we get a big dip on good news on a Friday, hehe.

    US$330M+ so far this month and estimate US$2400M at the end of February, we could have US$2700M+ in the bank now...... don't tell me if they going to wipe out $2B of 2019 Debt in ONE go?? I say most likely US$1B for 2019 and US$478M for 2022 in ONE HIT.

    Just kidding about no good news needed, bring on the DEBT Repayment announcement ASAP.

    DYOR.

    Frank.
 
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