FMG / IO Outlook and News, page-354

Nice bounce back intra day after smashed to 5.99 in early trade.
Daily looks strong buying around 6.00, volume strong,

Seems instos think that 6.00 may be the buying area instead of 5.70 where the rounding top pattern flattens out.

If I manage to be the only one who called the FMG top at 6.50-7.50 this 9 year cycle then I will be a proud man but all depends on the IO price, even at this level FMG is a cash making machine so they need to
- sharply pay down debt & become net debt free asap
- sharply increase dividend
- do some buybacks of shares (should have been doing that at 3.00 but went to debt paydowns instead)

It was the yankee debt that ruined forrest in the Anaconda fiasco, so he has now beaten Leucadia & Shorting George the last few years. His buying at 4.00 looks a good move now but not at 2.00. So as the debt is now at a low LVR and cashflow is strong its tiome for the Board and forrest to blow away the doubters

Do It twiggy, JUST DO IT! Wipe out the debt & pay higher dividends, a recipe for a rising share price. Yet its just a slow slog sideways atm. Lets see if the Instos are for real tmrw.