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Would we sell WHC to buy FMG?

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Would we sell WHC to buy FMG?

Hi James I have had a great run with your call on WHC i was just asking would you sell WHC to buy  FMG ? Cheers Craig

Thanks

Craig

Answer

Thanks Craig, we have mentioned a few times this week however in summary:

  • Whitehaven Coal (WHC) – we remain bullish and like it in the $2.85 region – we are not sellers of WHC at this stage – I actually bought a few more on Friday morning as the stock fell 10%.
  • Fortescue Metals Group (FMG) – MM has been “stalking” FMG during its more than 40% plunge from late July highs, no change we’re interested into this weakness and we almost stepped up to the plate on Friday, the one aspect stopping that decision was our existing weightings in BHP specifically and commodities more generally.
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Fortescue Metals Group (FMG)
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