FMG 0.26% $19.55 fortescue ltd

There is a level of irony in the fact that the share price...

  1. 748 Posts.
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    There is a level of irony in the fact that the share price stumbled (or probably more accurately the growth stunted) when FFI was initially announced.

    Then, when Turnbull was announced as a board member of FFI it has struggled further (despite record IO prices).

    The market treated FFI as a failure pre Turnbull, so his appointment really shouldn't affect the SP (neither should his ongoing ego-stroking in the media), but it seems to be (I can't think of any other reasons why the SP is struggling to appreciate as the IO price apprecuates).
 
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