FMG 1.04% $20.35 fortescue ltd

The other thing to note is that historically the share price of...

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    The other thing to note is that historically the share price of FMG has fallen quickly with the IO price, but lagged with slow rises as the IO price increases.

    Now, we didn't or haven't fallen at the same percentage terms as the IO price in this recent round. However - noting that the rises are always slower, if the upwards trend continues there will be a day (or days) where the opportunity for buyers presents itself with some relative certainty that the SP will rise in a short-ish time-frame (if there is ever any certainty with FMG!).
 
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