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Macquarie struggles with Flinders Mines

Macquarie has an “underperform” on Flinders Mines and a price target of 1¢.

Elise ShawMarkets Online Editor
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Macquarie has an “underperform" on Flinders Mines (FMS) and a price target of 1¢.

“We struggle to see how FMS secures funding for its mine and port development for the PIOP [Pilbara Iron Ore Project] in the current iron ore price environment.

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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
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    Original URL: https://www.afr.com/markets/equity-markets/macquarie-struggles-with-flinders-mines-20150204-135dhn