FMG 2.89% $16.82 fortescue ltd

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  1. 2,115 Posts.
    lightbulb Created with Sketch. 2356
    Ummm I'm not sure how long you've owned FMG shares but here's a correction for you:

    FMG does not receive the 58% Fe price for its iron ore!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    We have always received a discount to the 62% Fe price.

    At last announcement, that discount was approx 15%.

    Now go back and re-calculate your numbers - and stop embarrassing yourself.
 
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