Soho, we live in a world where demand and supply determine the price on almost everyting. Demand for IO was always there, just that we had the Big 3 went silly with the supply last year and push the prices down to where no one is making any real money, the Big 3 probably thought in doing so they can get rid of FMG and increase their market share and re-gain control of the price like they once did. Well, It didn‘t work because of what FMG management did, you have to give them credit for this.
As to Uranium, we all know what happened to demand after the Japan Earthquake. As for RE, there are just too much supply still.
FMG is a great story run by a great management, I know there are many "lucks" but you make your own luck these days, to do what they did in 10 years is really quite remarkable.
DYOR.
Frank.
FMG Price at posting:
$6.28 Sentiment: Buy Disclosure: Held
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