fate of fortescue, page-7

david25

What is the motivation re the negative sentimetn posted pretel? If you think that this is all going to end soon then sell and be done with it. Plenty of naysayers are the stuff of FMG - and where did that get them? There are plenty of us here on this thread who remain pretty bullish re the continued demand for io and io stocks, FMG in particular. As Charlie Aitken said (have you heard of him- he does not work for Macbank), you are really buying an io company for cheap as if and and when it does expand production from an initial 55mt to 100mt and 200 mt thereafter you work out the multiples. Also, China is not the only mkt with a thirst for IO - have you heard of India - rather a large developing econonmy which is oft forgotten about. But then again if you work for Mac Bank and believe it is worth $4.10 sell and get into them thar financials and sleep well at night. The rest of us look forward to the journey ahead. As Allan Jones once remarked, this used to be the can do country not the no can do country. Pleasant dreams