FMG 1.10% $19.76 fortescue ltd

Iron ore price, page-45028

  1. 3,635 Posts.
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    Overnight

    DCE looks to have stabilised after falling recently.

    Mixed night for bulks on Wall St, with FMG finishing down slightly after some big falls recently.

    AUD has fallen in four months from ~0.75 down to ~0.69 today and continues to head south.
    This is strong net positive for the business overall and helps to counter the reduction in revenue from price falls.

    I note that the 58% hasn't fallen nearly as much as the 62% - in fact based on SMM charts it's sitting around 11% below the 62%

    Been off the field lately looking after sick kids guys!
    I'll do my best to up date and provide updates again henceforth kids permitting.

    GLTAH
    https://hotcopper.com.au/data/attachments/4333/4333696-954f1d26ff28466eb5ba15ae109e10b8.jpg
    https://hotcopper.com.au/data/attachments/4333/4333699-713371871f4bf06d3c045a4870ef0cf4.jpg
 
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