FMG 3.61% $20.10 fortescue ltd

Only with a gun to my head. Spot will hit new lows tomorrow or v...

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    Only with a gun to my head. Spot will hit new lows tomorrow or v close to $46.70. And the with rate of the decline in futures... who knows we could be heading sub-$40 pronto. Even with big cost decreases promised (C1 cost down from $26 in March to $18 now!) FMG won't be making any $$ to repay debt then. I know holders haven't liked hearing my 'howling at the moon'. But this is poised very delicately atm. Imo
 
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