Interesting to see what happens to SP today -
IO up 7% Friday night, Minday share price was stable at close + or - 3 pips
Now over night it has retreated by a similar amount, will the SP be stable. ( SP fall yesterday may have already priced it in, that's why it came off late yesterday)
I am a 90% LT player in stock for 4 years, trade in and out with 10%
Gut feel $6 tested today and it would be great if SP stays sbove this price at close.
Is there any indication FMG will look to borrow money from Chinese banks at a more competitive rate and pay debt off with US lenders? Save millions in interest payments. I got s feeling this maybe something they maybe looking at, considering how positive NEV was about borrowing money from Chinese lenders, when interviewed about boat finance.
Your thoughts?
Regards
Mjak
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Interesting to see what happens to SP today - IO up 7% Friday...
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