Reply With QuoteThe lehman of the commodities bubble. The banks were FMG's last stronghold after IO prices and now it's getting really interesting.
They made a huge, huge leveraged gamble and are losing.
comments..
The lehman of the commodities bubble. The banks were FMG's last stronghold after IO prices and now it's getting really interesting.
They made a huge, huge leveraged gamble and are losing.
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most of the mining services companies that have operations with fmg rallied on Friday even though the stock was in halt. so at least some in the market is of the opinion that it isn't destined for complete annihilation, just yet.
only it totes could work if china picks up/spikes IOOriginally Posted by iSplicer
not that its going to happen but
sucked in miners
they have secured debt for the next 5 years I believe. all is well in the land of tinkler and his debt.
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