Some interesting points on FMG Quarterly:- Guidance for full...

Some interesting points on FMG Quarterly:

- Guidance for full year is low end of production @ 127MT. Points again to the fact that this increase in supply they say will hold the price down will take its time to come on.

- cash costs down 35%, citing lower $A as one of the reasons. I also bet that the Baltic Dry Index fall (shipping costs) has contributed to this fall.

BCI will also benefit from the BDI fall as someone previously mentioned here and this may be one of the reasons that MQG have BCI as a very good chance to beat expectations for the six month result due late Feb.

I note low volume, tricky trading today.