Iron Ore Price, page-1656

Relax now...Im not trashing FMG, I'm only making my own point.

FMG are not the only ones that are having problems. The entire IO industry is a mess, and I don't think some of them (FMG being one) really managed the business effectively to ride out any downturns. We couldn't seriously think the mining boom was going to last forever, and there are many companies (like FMG) that are poised to either shut down, or be significantly hurt.

Nothing Im saying is unfounded, and good on you that your a big supporter, Im certainly not a big trasher, nor am I a troll, Im simply saying, that many (like FMG) enjoyed such a good time, for such a long time that it SEEMS that they really didn't prepare.

Im neutral to it all, and just a simple shareholder. I don't care about the politics, just how a business is run. Im not privy to the inner working of the place, so can only comment IMO what i think. I hope , not just for FMG but for the sake of the Australian economy, that they either figure out how to rebuild and destroyed industry or find another way.

FMG is simply another one on the pile that is struggling. Hell... the Reinhardt mine (whatever the name of that is) hasn't even turned a shovel yet and when it does, it will have to be on a loss IMO...I think...I don't know ???

IMO again, I just think if FMG was better prepared then we wouldn't have had such a drop. Im just saying bad insight and forethought. Its always easy to yell directions from the side line, so I don't consider Im either right or wrong.

Its just a shame, and I don't think it will get better soon, with all the debt behind it... I hope it does, and none wants to see people suffer, but Its not a place for me anymore.