FMG 3.23% $18.87 fortescue ltd

Iron ore price, page-33942

  1. 691 Posts.
    lightbulb Created with Sketch. 49
    SO much brown nosing here but still no one can tell me what this company does when China dumps iron ore other than herr derr it won't happen/ China's made it pretty clear with their investment in their own ore and Africa and Guinea that it's not a matter of if but when. Coal again demonstrates China is prepared to pay more for an inferior product than continue supporting Australian businesses. Come at me at champs, literally one person rebunk anything I've just said, you can't. So if you can't these shares are worth probably half.

    Ando Forro will find some new markets but they won't be as profitable.
 
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