FMG 0.18% $21.67 fortescue ltd

Seems like Greece has finally got some of its act together and...

  1. 1,491 Posts.
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    Seems like Greece has finally got some of its act together and came up with something almost ready to present to creditors. Will be interesting to see when the final deal is signed.

    Nonetheless, Friday US GDP was the final signal I needed, enjoy the ride down :)

    Go ahead and prove me wrong Mr Market.

    Just for the folks that enjoy some of my statistics, I will provide some more.

    China 21-31 Dec average daily steel production was 1.6 million tonnes, the average over 2011 was about 1.9 million tonnes. Over 2011 Chinese construction sector consumed nearly half the steel production. Some could say land sale is the start of the chain for construction, 2011 land sale revenue in 130 major Chinese cities was down 13% YoY. Note: the land sale revenue statistics doesn't exclude inflation, which off the top of my head was 5%+, so the fall is deeper than it appears.

    Personally I am alittle wary if FMG pull out the port expansion approval anns on me, otherwise cannot see much going for the company. FYI
 
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