FMG 1.10% $19.76 fortescue ltd

Doubt it, just look at the correlation with VALE, its all IO...

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    Doubt it, just look at the correlation with VALE, its all IO sentiment driven:

    https://hotcopper.com.au/data/attachments/6244/6244417-4e10fb19bea60988f1f5ed787c6b8267.jpg

 
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