FMG
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0.87% $21.71 fortescue ltd

i love fmg, page-28

  1. rod178
    6,475 Posts.
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    19/09/12
    14:02
    Post #: 10741361
    imo $2 remains a valid price target, about a 60% probability, before end of this calendar year. A return to sub $3 is almost a given. The refinancing is merely delaying the inevitable train wreck

    Consequently the recent bounce is another excellent shorting opportunity.

    Suspect that eventually BHP will acquire the pieces
    FMG Price at posting: $3.74 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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