FMG 1.62% $21.92 fortescue ltd

http://seekingalpha.com/article/2599025-what-you-need-to-know-ahe...

  1. 7,247 Posts.
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    http://seekingalpha.com/article/259...now-ahead-of-cliffs-natural-resources-results

    I se that Cliffs resources CA is in a bit of bother. The items that jumped out for me are;

    There's talk that mining giant Glencore has been interested in the company's Australian iron ore assets; Glencore is looking to get into the iron ore industry, having no iron ore mines itself. Glencore is looking to take advantage of a weak pricing environment to buy assets at marked down prices.

    There seems to be somewhat of a short squeeze occurring, as with nearly 42% of the company's issued share capital short, it won't take much for a short squeeze to occur.

    I mentioned in another post that a large short position in a solvent company is actually a raft of unsatisified buyers.
 
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Last
$21.92
Change
0.350(1.62%)
Mkt cap ! $67.49B
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$21.60 $21.95 $21.54 $94.22M 4.315M

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No. Vol. Price($)
1 1000 $21.91
 

Sellers (Offers)

Price($) Vol. No.
$21.93 18370 7
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