Iron ore price, page-6692

Lets not forget FMG was raking in the money with low iron discounts only until around October 2017 which was when i first bought in .
Thus i dont think we can sit here and say the team were late, even Nev saw the Chinese move toward high grade as only a passing cyclical occurrence. Only around 11 months since then so not much time to react. Luckily Eliwana was announced before all this, which shows that management were actually forward thinking rather than late.

I think the management get a harder crack than they deserve, especially when they basically got thrown under the bus by what id assume to be a quick, and without warning environment legislation change from the Chinese.

PS, i see quite a bit that Nev Power should come back. Firstly yes, he seems like a very hardworking and smart ceo which took out costs from 40 to 11. Also lets not forget Nev got something like 10 years to achieve this (and he will always be a genius who took FMG to the world stage), but Gaines only been in for 8 months, lets see what she can bring, from what it seems, Gaines is very interested in finding a diversified portfolio ie lithium copper while also improving the core iron business by improving the grade. A sound strategy.

Gaines inherited a company which only 2 months earlier received a dangerous threat to iron fundamentals. I am hopeful that FMG are on the right track to success.