FMG 0.45% $22.10 fortescue ltd

Iron ore price, page-32408

  1. 141 Posts.
    lightbulb Created with Sketch. 48
    I am free to post what I want within the HC guidelines. Period. You are free to put me on ignore as any other here. That's what the function is for.

    The massive IO stock pile is a conjecture. Already told you I don't buy the story real demand has driven the IOP for many months and that fair value based on demand and supply at best is $90. You have the freedom to believe otherwise.

    You will know whether there is such a stock pile very soon if China continue not buying meaning amount of seaborne iron ore for extended period of time eventually leading a precipitous collapse in the iron ore price by November.






 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.