We all know the reasons surrounding the demise of FMG, they’re real and are unlikely to go away in a hurry, the question is does it justify an almost halving of the share price. We believe its gone too far too fast and a 25% “bounce” feels like a strong possibility. To MM this is more of a trading play as opposed to long term investment as we feel it might be a long time until this miners trading back in the $20’s.
MM is bullish FMG for a short-term bounce
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