FMG Technical Analysis, page-9469

well well well
wheres the ramp crew now?

Ive been warning since March that its BEAR SEASON & there will be a drop below 20.00
and today KAPOW
sub 20.00 close
long red candle

I predicted a low of 16-18
likely around Sept Oct
so I dont think this is the end of the bear season which goes to October.
I think you bear guys have gone in too early imho.
May well get this way cheaper.
Once below 20 the SHORTs are looking for the rounding top pattern completion around 16-18 imho

SHORTS are in charge and SHORTING daily.
Many INSTOs in top 20 are also SHORTERS here.

A long time to go to 1 November and many VV zigzags to come like the last few years same old story.

I would wait for the bottom, i will try to pick the TOP & the BOTTOM here like I have done successfully now 4 years in a row. Need to see a capitulation blowout near lows and the LONGS to come in when overdone.
Last year support was at 15.40-16.80, may be 100c higher this time.

I also called a China sanctions on ore deliveries once they invade taiwan which is coming and a BIG V whipsaw when that happens with this stock.
I have been warning the FMG BOD for 4 years here to pay off all junk bond gross debt, find non sino customers, diversify to nickel cobalt manganese, complete vertical integration mine to mill, build exmouth mines and build the PH refinery to no avail.
Instead they wasted $Bs on H hot air, jets, african mumbo jumbo, exorbitant divys, wage rises and the like.

Wait for the BOTTOM, its not here yet imho.
SHORTS in CHARGE.