Fortescue chill

Strong demand, a rising iron ore spot price, margins of as much as $US92 a tonne and a short list of buyers for the company’s Pilbara rail and port assets ... yet Fortescue shares can’t buy any love.

Strong demand, a rising iron ore spot price, margins of as much as $US92 a tonne and a short list of buyers for the company’s Pilbara rail and port assets ... yet Fortescue shares can’t buy any love. The stock at 1300 AEST was down 20 cents, or 6%, to $3.16 after falling as much as 7.7% to $3.10.

Fortescue shares have dropped 35% in the last 12 months compared with the S&P/ASX200 Index that have gained 15% during the same period.

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