FMG 0.98% $17.77 fortescue ltd

hi Jhunt, good to see you back. Yep just all a pipe dream for...

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    hi Jhunt, good to see you back. Yep just all a pipe dream for Vale. I posted bout their quarterly late last week.

    Interesting that their production and sales appear higher than this time last year due to third party putchases which they incorporate in their production numbers and there are sales which they have derived from third party purchases.

    They’ll be lucky to hit sales of 300m for the year. Their break even is also now USD 63, up from USD 58 from the same quarter last year (pg 16 below). Net debt also up quite a bit to USD 10b…

    https://api.mziq.com/mzfilemanager/...566850a8-e9db-04bd-eb32-aa68e74d2b7f?origin=1
 
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