Australia's largest stock trading and investment forum Australia's #1 stock forum

FMG

Click for more information

0.14%

$21.89 fortescue ltd

FMG will it ever be around $4.50 again, page-6

First 6 Last

Share
Profile

Follow
PigsMightFly

7,705 Posts.

2797

01/11/22

07:17

Post #: 64513476
Share

Originally posted by Nolan78: ↑

China economy about to collapse which is looking like a reality now.
There water supplies are running out which means farmers can't water their crops which means a food shortage.

Their vaccines do not work which is why they are in constant lock downs which is destroying their economy.
Then ether is the property crash in China.

Its all looking like they are in a financial disaster of their own making.
They are arming for war but forgot about their own people and that is going to be an issue
for them as the last 20 revolutions in China all ended badly for the ones in power.

There is only so much anyone can put up with and when the food runs out rebellion takes over.

If China goes down the tube then we all follow and so does every other country.

If China goes under at least FMG will soon be selling hydrogen and green steel to get income.
AF has stated many times he expects green hydrogen to make much more money than iron ore.

Be thankful AF had the foresight to not to be a one trick pony otherwise FMG would go down the rabbit hole too.

Expand

If China goes down FMG will be bankrupt.

Falling IO prices make green steel and hydrogen even less competitive.

FMG Price at posting: $14.70 Sentiment: None Disclosure: Not Held
7 Upvote

0 Great analysis

Reply

Top Stories

CBL

Drove autonomous wheelchair gets TGA approval

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

GT1

Green Technology hands the helm to Henry

EMD

Emyria's Empax Centre chosen for mental health clinical trial

There are more pages in this discussion • 34 more messages in this thread...

First 6 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $21.89		Change 0.030(0.14%)		Mkt cap ! $67.84B

Open	High	Low	Value	Volume
$21.92	$22.11	$21.85	$91.41M	4.041M

Buyers (Bids)

No.	Vol.	Price($)
7	2661	$21.88

Sellers (Offers)

Price($)	Vol.	No.
$21.89	879	6

View Market Depth

No.	Vol.	Price($)
9	2067	21.940
15	5462	21.930
9	3388	21.920
10	4843	21.910
20	17144	21.900

Price($)	Vol.	No.
21.950	1994	13
21.960	1938	9
21.970	2199	9
21.980	3814	12
21.990	6481	11

Last trade - 11.22am 20/06/2024 (20 minute delay)

FMG (ASX) Chart

SPONSORED BY