FMG 2.02% $25.70 fortescue ltd

:eek:backwardation a situation in which the spot or cash price...

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    backwardation
    1. a situation in which the spot or cash price of a commodity is higher than the forward price.
      "the development of a backwardation is associated with supply shortage"
      • a situation in which the offer price for stock is lower than the bid.
      • historical
        a percentage paid by a person selling stock for the right of delaying its delivery.
    * or, if you read my Nic backwards.
 
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