FMG 1.90% $22.00 fortescue ltd

Realised price way above what was achieved last half year $48.00...

  1. 3,510 Posts.
    lightbulb Created with Sketch. 147
    Realised price way above what was achieved last half year $48.00 mt

    March qtr $71.00mt now at $80.00mt

    AUD now at $0.70 which adds to the bottom line, from memory they are using $0.75 in their projections

    If Citi Bank is correct and IO price stays at these levels or higher, sp surely will reflect this with a move back to the high $7.00’s if not over back to over $8.00.

    My opinion only
 
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$22.00
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$21.93 $22.09 $21.58 $138.1M 6.316M

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