Fortescue going down? (1 Viewer)

[Devozzzz]

comments..

 

[iSplicer]

The lehman of the commodities bubble. The banks were FMG's last stronghold after IO prices and now it's getting really interesting.

They made a huge, huge leveraged gamble and are losing.

 

[Garygaz]

most of the mining services companies that have operations with fmg rallied on Friday even though the stock was in halt. so at least some in the market is of the opinion that it isn't destined for complete annihilation, just yet.

 

[Arcadian Empire]

The lehman of the commodities bubble. The banks were FMG's last stronghold after IO prices and now it's getting really interesting.

They made a huge, huge leveraged gamble and are losing.

only it totes could work if china picks up/spikes IO

not that its going to happen but

sucked in miners

 

[Garygaz]

they have secured debt for the next 5 years I believe. all is well in the land of tinkler and his debt.