I was just thinking about that CEO from Cliffs who was claiming 9 months ago that FMG was going to be the next Atlas. He is looking pretty stupid now.
"Fortescue is the 'next Atlas': US miner Cliffs (23 July 2018)
Changing dynamics in the iron ore market will ensure Fortescue Metals becomes "the next Atlas" according to the outspoken boss of US miner Cliffs, putting him at odds with analysts who believe Fortescue will report earnings in excess of $US1 billion for years to come.
The extraordinary implication that Fortescue would follow Atlas Iron into financial distress was levelled by Cliffs managing director Lourenco Goncalves during a discussion about price discounts applied to lower-grade iron ore."
Iron ore price, page-11176
-
- There are more pages in this discussion • 42,440 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.44 |
Change
-0.160(0.86%) |
Mkt cap ! $56.77B | |||
| Open | High | Low | Value | Volume |
| $18.38 | $18.54 | $18.33 | $196.7M | 10.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1832 | $18.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.45 | 1100 | 3 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |