FMG 1.10% $19.76 fortescue ltd

$5 back on the cards, page-54

  1. 3,510 Posts.
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    Todays closing price of $4.54 highest since 1 March 2013 based on month end figures

    If IO price continues to hold above US$130 for September, they must be sitting on a large pile of cash, add to that the Formosa $500m and FMG is now in very much safe territory going forward especially now that Capex will come to an end.

    If it does not retreat in the coming days $4.70 here we come
 
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