FMG 1.56% $18.27 fortescue ltd

Iron ore price, page-52832

  1. 3,791 Posts.
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    There was one and I can't recall his profile probably a forgettable one was saying it will
    drop down to $15 a share and the IO at $50 which was a nonsense.

    I get the feeling some don't own any stocks.

    Their loss and our gain in the coming weeks/months.

    Can't see IO getting to $150US/T which I see one is suggesting more like in the $120US/T range.
    To get at $150US/T there would have to be a large stimulus Chinese growing package and
    they have a debt problem. So I think IO will round out at $120US/T or so.

 
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