FMG 3.09% $17.34 fortescue ltd

Yes it hit 699 yesterday and climbed up to 720 this arvo. Didn’t...

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    Yes it hit 699 yesterday and climbed up to 720 this arvo. Didn’t say it went down. The SGX is back above $140 already!

    Morgan Stanley holds that the iron ore price jaw boning doesn’t do much to dampen the iron ore prices long term and only impacts for about a week, it should therefore return to the lofty $150’s by end of next week. Here is an interesting graph.

    Also good to see prices green on SMM reflecting this sentiment.
    https://hotcopper.com.au/data/attachments/4092/4092559-9108f01aab5a285733ba07983f7827e9.jpg
    https://hotcopper.com.au/data/attachments/4092/4092562-55a627176158c5fcfce80df24106b5b9.jpg

 
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