Ann: Consolidation of Mining Services Contracts, page-12

kara......thats bloody great news, if FMG can confirm it really is $3.30/t saving then i'll do back flips followed by a forward roll.

if its correct then its roughly $1+/t saving across the whole 160/mt

I would say the board at FMG would have to be in the top 5 off the ASX!

kara i notice you keep going on about them having to restructure, i think you may be a bit harsh. Nev pointed out that this year debt repayments would slow down and then increase again in 2016, lets not forget they had a $650 million tax pre-payment in Oct...... they also have $800 million in iron ore pre-payment over this year both of which are not repeated again next year, add to that the $500 million debt payment in Nov takes cash outflow to almost $2 billion with $1.6b still in the bank as of Dec.

I am confident the 2017 & 2018 debt repayments will both be wiped out in 2016, leaving only 2019's payment.

So remember 2015 prepayments will slow and then pick up again in 2016, Think what the SP will be once 2017 & 2018 are demolished in 2016.

I like that chart you linked yesterday, i see they have a $2.90 target



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Hi fasttrade,  last week i updated that the next 2-3 weeks would be a downer, 1 week gone so 1 or 2 weeks to go, so far all panning out to plan