FMG 2.70% $4.76 fortescue metals group ltd

Like I said yesterday .... depends which news story you read re:...

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    Like I said yesterday .... depends which news story you read re: BHP .... although this one contradicts itself ? The heading says commitments will be met and then half way through article it states BHP says reserves at Port Hedland are not enough to cover the entire period of disruption ?

    Either way IMO this derailment will affect IO supplies to China / IO prices so there should be a benefit to FMG, even if temporary .... I also do not believe this situation will be resolved completely in a week .... as another poster mentioned you only need look at BHP original estimates re: Samarco and how long that took ?

    GLTAH

    https://seekingalpha.com/news/34075...commitments-despite-train-derailment-ceo-says


    BHP to meet iron ore commitments despite train derailment, CEO says

    BHP said this week it would use stockpiles at Port Hedland to maintain its port operations but that the reserves were not enough to cover the entire period of disruption.
 
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