FMG 1.93% $21.67 fortescue ltd

whats happening with that 10 pc, page-6

  1. 1,050 Posts.
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    I was thinking more their annual results rather than their quarterly report. Will probably be a loss as they've only been operating since may plus mining companies usually run at a loss during the ramp up phase. Don't think its unexpected but makes shorters feel safe as they know they aren't in danger of FMG hitting the market with stunning results.

    Not suggesting they would be running at a loss at present, not close enough to their numbers, more their annual result would reflect the entire 12 months earnings situation.
 
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