FMG 0.45% $22.10 fortescue ltd

Iron ore price, page-8893

  1. 29,775 Posts.
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    I'm actually holding FMG in profit and that's not counting the div. of course.
    Bought mine in a couple of bites.
    I'm thankful FMG is not a bank share and nor is it a tech.
    Seems to want to trade around the VWAP price at the moment.
    Read on Bloomberg yesterday of further Chinese stimulus by way of either replacing or adding further high speed trains.
    Sorry can't find link now.
    They sure don't want unemployment and I think they'll pull out all stop.
    I'll continue to hold.
 
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