FMG 0.34% $17.55 fortescue ltd

IO & AUD Movements

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    This is a re-work of reman's figures from last week

    Monday (15 / 9 / 14) IO @ US$83.60, Aussie dollar $0.9366 = AU$89.26/dmt

    Monday (22 / 9 / 14) IO @ US$85.20, Aussie dollar $0.9043 (@ 2.03pm) = AU$94.21/dmt

    Up AU$4.95 for the week
    That's $4.95 x 155,000,000 (or is it 160mtpa).  $767,250,000 in extra profit (the overheads are already covered) or almost 25c per share.
    And the share price is struggling to hold a gain of 10c.
 
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