FMG 1.93% $21.67 fortescue ltd

Ann: Debt reduction to continue as FMG recognised as lowest cost, page-29

  1. 11,416 Posts.
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    All good.

    It is my opinion that becoming the lowest cost supplier comes with added security and therefore that should end up being reflected in the sp eventually, might take the big super funds a little bit of time to review their exposures to the blue chip miners.

    Won't be surprised to see sp rising in 2-3 weeks as the Super Funds adjust their exposures, Bhp might be the one to cop a bit of added selling pressure, imo.
 
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