FMG 3.09% $17.34 fortescue ltd

fmg delivers $1bn 1half-year profit, page-11

  1. 3,271 Posts.
    Good read if you have the time.

    http://www.theaustralian.news.com.au/business/story/0,28124,24986288-643,00.html

    "The observations of Fortescue executive director Graeme Rowley reflect incipient confidence within Fortescue's major iron ore cousins, Rio Tinto and BHP Billiton, that the spot market is again on the move. "The bottom of this slowdown has been reached and we are starting to see a comeback in prices," Rowley said yesterday.

    "Our order book's full into March."

    Full story via link
 
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