Here is a report on Vale.
There are a lot more factors at work than just the fe price. Eg; (Vale) "We saw a drop in the net income of about $2.9 billion in the quarter mainly driven by a non-cash impact of the depreciation of the Brazilian real against U.S. dollar."
What all the desperate cost cutting will do is greatly enhance returns when the price fe starts to rise again, as it will. And there will be none better placed than FMG.
http://seekingalpha.com/article/262...3-2014-results-earnings-call-transcript?ifp=0
Here is a report on Vale. There are a lot more factors at work...
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |