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Fortescue reports stronger cash position

David Ciampa

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Fortescue Metals (FMG)

Its share price may have fallen 70 per cent over the past four months, but Fortescue bounced off Friday's 52-week low of $2.68 on Monday after announcing that it had increased its cash position by $432 million to $624 million for the third quarter.

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    Original URL: https://www.afr.com/politics/fortescue-reports-stronger-cash-position-20081013-jke7k