re: australia's greatest value investors says In his address to the Mining Club in Sydney today, Andrew Forrest has opined that spot iron ore prices will go up further. The sharp rising trend of the Baltic Index would seem to confirm that.
He also notes freeing up of debt markets with Aussie bank offering project finance lagging U.S. institutions. Forrest says Fortescue has been offered "in excess" of US$1 billion from Wall Street.
That is a pretty dramatic statement. And interesting in that (US fund) Harbinger has been on the register for a long time, as have Leucidia. How ironic that this great success story is being financed and supported so strongly from outside Australia.
re: australia's greatest value investors says, page-10
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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