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FMG investors should steel for more bumps

Followers of Fortescue Metals Group had reason to cheer this week when the Australian iron ore miner reported strong September quarter production numbers, not that they stopped fresh warnings from high-powered analysts that tougher times are just around the corner.

FMG investors should steel for more bumps FMG investors should steel for more bumps FMG investors should steel for more bumps FMG investors should steel for more bumps FMG investors should steel for more bumps

‘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.