Iron ore price, page-751

Yeah Peartart, now the more I think of it, there is really not much management can do with "76%" discount, the Market set that price, not FMG. BUT Probably would be a good idea to tell the Market when they expect the "discount" will be well outside the "85-90%" they set in their guidance, that will save a lot of people buying in the $6s and $7s. Put that in the Q report and said FY now expect 75%-85% realisation was a HUGE mistake, A more capable management should said FY is expected to be 80-85%, because to get FY to 75%, IO would need to be 50% realisation in the 4th Q. How do you expect the MARKET to take this??

Whoever sign that off is really need to take the position somewhere else.

DYOR.

Frank.