FMG 1.67% $17.03 fortescue ltd

Iron ore price, page-33017

  1. 10,304 Posts.
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    Well just be careful there, no recourse means you can't sell other assets outside of those nominated to recoup a loan.

    It doesn't mean there isn't an expensive interest bill to finance the limited re-course borrowings.

    Anyway, I don't know what the plan is, I certainly wouldn't expect AF to be running around third world countries, contracting COVID-19 and dodging roadside bombs unless there is going to be some significant exposure, limited recourse or not, in some shape or form here.
 
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