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Originally posted by Wang44:
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A few great stories of people improving their lives by share investing. FMG has created massive wealth for it's share holders and still continues to help give shareholders financial freedom. Andrew Forrest took a penny dreadful stock to the moon and he should be an Australian hero for all the people he has helped both employees and shareholders. Just a reminder for all holders FMG, it was once known as Allied and Mining. It held leases for iron ore in the Pilbara and a few leases for other minerals overseas. The share price was 1 cent per share for years. in June 2002 you could buy as many as you liked at that price, a $1000.00 would of brought 100,000, in July 2002 there was a share split of 1/1 so a shareholder would be holding 200,000 shares.
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How much were you paid to write that grovelling tripe?worthless due to low grades. It would never have been developed without the once in history Chinese IO boom. Twiggy just happened to be a very well connected stockbroker in the right place at the right time. The Chinese supported him as a fourth supplier to keep a cap on prices. Nothing more.
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