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FMG, FORTESCUE METALS GROUP LTD
blacksheep
post Posted: Feb 6 2019, 10:50 AM
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In Reply To: blacksheep's post @ Feb 2 2019, 10:33 AM

Updated chart - SP crossed $6.00 mark - currently $6.025
Total short positions as at 30/1/19 = 2.42%%
https://www.shortman.com.au/stock?q=SYR
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 2 2019, 10:33 AM
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In Reply To: blacksheep's post @ Jan 30 2019, 12:14 PM

Is the IO rally over - Shorts have been piling into FMG, RIO and BHP in recent days.

Bloomberg article is of the same opinion - several reasons given - see link for full details plus charts
This iron ore rally is living on borrowed time
Bloomberg Opinion | about 5 hours ago |
extract
QUOTE
Vale’s prize asset, the S11D mine, is still running at barely more than half the full annual-production capacity of 90 million tons that it should hit next year, giving plenty of scope to make up the shortfall from other pits.The more important issue is what’s happening on the demand side, though. The Baltic Dry Index is a frequently watched measure of shipping costs, heavily influenced by the price of leasing the Capesize bulk ships that transport coal and iron ore. On Friday it fell to its lowest level in nearly two years, down almost 40 percent in the space of a month.


QUOTE
The more likely scenario is that prices trying to scale the hill of shrinking supply are ignoring the gulf of falling demand. This rally is living on borrowed time.

http://www.mining.com/web/iron-ore-rally-l...-borrowed-time/

Three notable short alerts in the last 3 trading days, yet to added to total shorts @ 25/1/19 which were 2.39%
QUOTE
Thu 31st Jan, 2019 19,099,879 3,078,964,918 0.62% 49,718,591 38.42%
Wed 30th Jan, 2019 34,196,042 3,078,964,918 1.11% 70,644,673 48.41%
Tue 29th Jan, 2019 20,952,357 3,078,964,918 0.68% 41,709,343 50.23%

https://www.shortman.com.au/stock?q=fmg

The spike in SP has left a couple of gaps @ $4.82 and $5.12. SP ended week @ $5.84
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 1 2019, 06:27 PM
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Spotlight on Fortescue Metals Group
QUOTE
Fortescue Metals Group (ASX: FMG) is one of the world's largest producers of iron ore. This week FMG announced its quarterly production update which demonstrated its operations have generated strong cashflows through the successful execution of its product strategy, resulting in higher realised prices and lower costs.

The number one producer of iron ore globally, Vale, experienced a tragic dam accident on a site in Brazil, which saw the share prices of its competitors rally. Vale announced it would shut 10 dams and suspend mining at some of its operations until safety and operational issues are resolved. Market expectations are that Vale would reduce the amount of iron ore mined and lead to a tighter global iron ore market, lifting the price of the resource.

FMG has enjoyed a surge in demand from China as its new, higher iron content mix is currently well received by Chinese steel mills. The higher iron content ore is a core part of FMG's new strategy as the product commands a higher price than lower iron grades, fitting into Beijing's initiative to reduce pollution.

We hold FMG as a market-driven investment in WAM Leaders and Century Australia. FMG shares closed up 21.7% for the week.
Wilson Asset management



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 30 2019, 12:14 PM
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In Reply To: blacksheep's post @ Jan 29 2019, 08:30 PM

QUOTE
The fallout from the Brazilian tailings dam disaster took a stunning turn on Wednesday, with the owner of the dam, Vale, signalling it will pull as much as 40 million tonnes out of the market as it races to decommission 19 similar dams.

https://www.afr.com/brand/chanticleer/vale-...20190130-h1an2c

SP up a further 6.16% currently @ $5.34.

Notable short alert recorded yesterday suggests someone is betting the SP will go down. Total short positions as at 23/1/2019 = 2.92%

QUOTE
Tue 29th Jan, 2019 20,952,357 3,078,964,918 0.68% 41,709,343 50.23%

https://www.shortman.com.au/stock?q=fmg
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 29 2019, 08:30 PM
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Posts: 5,416
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FMG finished today up 4.79% @ $5.03
Australian iron ore miners' prices set to jump following Vale disaster
By Luke Housego
Updated 29 Jan 2019 — 7:50 PM,
first published at 5:47 PM

QUOTE
BHP, Rio Tinto and Fortescue are among the Australian iron ore producers that may reap higher prices if Brazilian authorities order a halt to iron ore miner Vale's operations in response to the fatal Feijao dam collapse in which 65 people have been confirmed dead so far.


QUOTE
The fallout from the recent dam collapse also could affect the ongoing settlement negotiations with the Samarco joint venture, which is equally owned by BHP and Vale.

read more - https://www.afr.com/business/mining/iron-or...20190129-h1al9s
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 14 2018, 02:13 PM
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QUOTE
A bushfire alert has been issued for Fortescue Metals Group’s Solomon iron ore mine site in the Pilbara.

The Department of Fire and Emergency Services alert, posted at 11.25am Friday morning, said the fire was travelling along a Rio Tinto access road and Hamersley Road near the mine site north of Tom Price.

The out-of-control and unpredictable fire is burning fast south of the Solomon airstrip.

DFES said there was no threat to lives or homes but there was a lot of smoke in the area.

WestBusiness understands production at Solomon was interrupted only briefly but is now back to full production.

The fire was first reported on Tuesday and has so far burnt through 20,000ha.

Bush Fire Service, mine site and Shire of Ashburton firefighters are on the ground fighting the blaze.

https://thewest.com.au/business/mining/bush...-ng-b881050838z



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Dec 2 2018, 01:46 PM
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In Reply To: blacksheep's post @ Nov 16 2018, 12:05 PM

Ore grade gamble pays off for Fortescue Metals Group

QUOTE
Ms Gaines said a new high-grade 60.1 per cent iron product, West Pilbara Fines, to be shipped later this month, could attract a premium of $10 a tonne with a negligible effect on costs.

“It’s straight through to the bottom line,” she said.

Fortescue is picking the eyes out of two of its mines to collect high iron ore content for the new product.

Low phosphorous Cloudbreak ore and higher phosphorous ore from Firetail are stockpiled at the mine and every third week railed to Port Hedland and layered in alternating slopes on the stacks

As a reclaimer slices horizontally through the stack to collect ore for loading, the product from the two mines is mixed to keep the level of phosphorous within specification.

The self-styled third force in iron ore plans to ship five to 10 million tonnes of the new product this financial year. Fortescue plans to load the first ore from its $US1.275 billion Eliwana mine in December 2020 to grow production of West Pilbara Fines to an eventual 40 million tonnes a year.

https://thewest.com.au/business/mining/ore-...-ng-b881037152z

However, AFR reports - Iron ore hits a Great Wall
QUOTE
Iron ore prices have tumbled nearly 15 per cent in the past three weeks, and the outlook through 2019 isn't particularly bright.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2018, 10:53 AM
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FMG's subsidiary, FMG Resources Pty Ltd, holds the title to exploration licence EL 6109 which joins (in part) BHP licence 5941 to the north and west - 5941 is the tenement of BHP's recent copper find.

Interesting article on some of the nearology plays
https://smallcaps.com.au/bhp-rio-tinto-majo...ar-olympic-dam/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2018, 09:59 AM
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In Reply To: blacksheep's post @ Nov 27 2018, 07:19 PM

According to an article in The Australian, FMG/Goshawk jv "looks set to be barred from carrying out fracking on at least five of the eight licences it holds in the basin"



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2018, 07:19 PM
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Today's ann to lift the fraccing moratorium in WA may also apply to FMG/Goshawk Energy jv - https://thewest.com.au/business/energy/mark...-ng-b881033600z

QUOTE
Meanwhile, Andrew Forrest’s company Squadron Energy has an 80 per cent share of a joint venture with Goshawk Energy and is has begun airborne surveys over the Dampier Peninsula.

The joint venture was in August awarded three new petroleum exploration licences in the "highly prospective" Canning Basin.

"The Canning Basin has the potential to be a new world-class petroleum province providing long-term energy security for the nation,” Goshawk Energy general manager Andrew Kirk said in a statement.

“We’re very excited to be building such a strong presence in the region.”

Goshawk had undertaken and continues an extensive consultation program in the Kimberley with traditional owners, community representatives and local government, with a focus on building meaningful, lasting local partnerships, the statement said.

https://www.watoday.com.au/national/western...108-p50ewe.html
https://www.abc.net.au/news/2018-11-27/wa-f...k-free/10558892
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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