Agreed…
One of the largest problems FMG had in its early days was a high level of debt…Net debt these days? SFA…
I also remember when Andrew Forrest decided enough was enough with the shorters and put aside, from memory, $500 million for share buybacks…Again, from memory, he didn’t actually need to spend the entire amount as the shorts beat a hasty retreat. The share price when he decided to do the above? Somewhere between $3 and $4…
The point of the above? Don’t sweat the day to day gyrations. If you are of the opinion that the whole EV/Energy Storage thing is in its infancy then turn the computer off sometimes and ignore the noise…
Have a great weekend everybody and Happy Australia Day for tomorrow…
Ann: Project and Funding Update, page-538
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