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FMG investors should steel for more bumps

Banks remain down on debt-laden iron ore producer amid uncertain demand and price outlook

Mining Journal
‘Margins thin, debt levels are high and outlook for demand in 2015 and 2016 remains uncertain’, says Deutsche Bank

‘Margins thin, debt levels are high and outlook for demand in 2015 and 2016 remains uncertain’, says Deutsche Bank

At first glance FMG’s shipment of 41.9 million tonnes of ore at a cash cost of US$16.90 a tonne was an excellent result which investors loved, lifting the company’s share price by 5% to A$2.28. The latest...

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