Fortescue Metals: Interim result 2019

As good as these numbers were there's a chance they could get even better in the full year.

In few industries can a company go from being an unwanted, maligned bad-boy to near market darling in the space of a few months. That's exactly what has happened to Fortescue Metals.

A year ago, the negative narrative reigned and for good reason: Fortescue's debt was still high enough to worry about and iron ore prices were weak, particularly for low grades. The gap between low- and high-grade ore prices was widening, and many thought it marked a permanent shift.

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