FMG 0.55% $19.33 fortescue ltd

market is underestimating fmg, page-39

  1. 33,087 Posts.
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    I first looked at the DOW at 5am and it was up about 60 points with both RIO and BHP up, its closed almost 200 points in the red with mining stocks fairing om compared to the other sectors.

    I notice the iron ore sentiment gauge turned positive for the first time in about 7 trading days last night, it will probably continue with it today.

    FMG need to increase output by min 50/mtpa, they should be pumping over 200/mtpa
 
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