FMG 0.45% $22.10 fortescue ltd

Iron ore price, page-19629

  1. 15,453 Posts.
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    "What you fail to understand"

    Hmm ... OK ? Not sure how a couple of comments in my HC post indicated to you that I failed to understand global economics and required a history lesson ?

    And with respect, I also find this comment a little 'rich' coming from a person who posted numerous times on lithium threads that FMG was a lithium producer and a cashed up competitor to those smaller lithium companies ....

    At the end of the day I am fully aware that the cornavirus will impact the global economy and FMG no doubt, which I indicated in my post.... how badly FMG or the global economy will be affected, no one really knows yet if we are being honest ..... but I cannot see it being as bad as the GFC and if it is then FMG will deal with if from a position of strength in comparison to how we were positioned in 2008.

    One thing you can be rest assured of is that any companies in any industry failing to meet guidance in any way shape or form this FY will point the finger at the coronavirus whether it applies to them or not ... lol
 
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