FMG 1.20% $21.41 fortescue ltd

Any basis for your target price ozexplorer and kman ?? It seems...

  1. 2,012 Posts.
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    Any basis for your target price ozexplorer and kman ?? It seems very clear that a bottom has set in very firmly around 1.70 regardless of what is thrown at it. I assume that this approximate level has become the consensus bottom that shorters start to cover and bargain hunters cannot resist. Seems a fair valuation if io price falls to $35 - anything higher than $40 represents huge upside at $1.70.

    Can you outline your $1 logic, or is it gut feel panic?
 
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