FMG / IO Outlook and News, page-290

I told you so,

Those that laughed at my top calls at 6.50-7.50 to think of the kids and bills, well you were wrong and I was right,
its not emotional but business,

At 7.00 & 6.40 I was being criticised by the blinkered motley crew on here for my sell view but well well looky now, 6.11!
well below the 6.50 resistance and headed lower long term closing on daily lows.
chart daily and monthly looks like a terrible rounding top pattern with 5.70-5.80 next resistance point then 5.30-5.50

still a $20B Mcap is great compared to $6B last year, what a massive runup pump up.
buy at 2-3 sell at 6.50-7.50 seems to have been the trader instos plan.

I was an FMG old boy for many years and sold all out at 620-6.50 in 2008 only to watch this double bounce down around 2.00 and it took 9 years to see 6.50 again, why take that pain again, how many years will it take to get to 7.00 again as sentiment changes to short & sell again like it did again today.

FMG needs to paydown debt faster & sharper, keep costs low, refinance debt longer & cheaper, boost dividends and do some buybacks if the shareprice hits under 3.00 again, Once the net debt is gone or zero (should be by dec 2018 at this cashflow rate) this will rerate till then I wait for another bottom bouncing pattern and flattening of the down curve, nowhere on the horizon atm.

Sorry boys, you ought to have listened to me.