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Fortescue Metals (FMG) $21.39

Iron ore producer FMG has now rallied over 50% from its panic low in November, MM has already taken most of the meat out of this sandwich to-date although we reiterate after talking profit we are not bearish FMG but simply adopting a more neutral view – a very attractive fully franked dividend is looming this time next month.

MM is neutral to bullish FMG around $21
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Fortescue Metals (FMG)
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