FMG 0.13% $22.33 fortescue ltd

"the drop in the SP can't go on forever"yes it canthis isnt a...

  1. 6,296 Posts.
    lightbulb Created with Sketch. 39
    "the drop in the SP can't go on forever"

    yes it can

    this isnt a technical retrace, FMG wont be profitable as a company if IO holds at these prices or falls further...

    if IO rebounds to $110, dont expect FMG to be back to $4.50, there is a lot more uncertainty now...

    it wouldnt be the first time a major company has collapsed...
 
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