FMG 4.63% $17.32 fortescue ltd

Iron ore price, page-53739

  1. 3,597 Posts.
    lightbulb Created with Sketch. 742
    Buggered if I know. Ever since AF dropped hydrogen in that interview the share price
    has been hit very hard. Capital Group then pulled the plug and the share price has been
    clobbered.

    AF now saying they'll spend more on FFI which might be a mistake.
    Market prefer cash flow over wasting money on pet projects.

    FMG, RIO and BHP are all now allowed to export more via the port facility so the share price should be higher.
    Since that announcement of more port access RIO and BHP hardly moved south where FMG has.

    August 28 can't come soon enough.

    Now we have IO prices falling faster.

    Some may well bail.

    Markets go up and down.

 
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