Just as an aside, company,s like GBG have grades up to 65%fe, and all these other co,s seem to be around this grade too, so what are the chinese doing here?, as they haven,t got access to any reputable higher grades with large tonnage as these are already spoken for, so could we imagine that these lesser co,s will have no chance in the fullness of time?, I think so, I mean, we are talking about several company,s that haven,t got capable m/ment qualified to run even a brothel, Kingstream?? is a good example (MIS), I wouldn,t bother with any of them, I mean it,s not as if analysts werent aware of these company,s before, all this is just a bubble, and will bite hard shortly, the chinese have absolutely no intention of investing in secondary cheapskate aussie dreamers.
I would hate to be a FMG holder in the next week or so, don,t people EVER learn when to avoid a meglomaniac, who had the nerve to say he sold his stock for the betterment of investors, and WTF doe,s Herb Elliot know about iron ore?, absolutely SFA, knows all about running tho, I think he just lost his reputation, never mind Herb, you can retire rich, but in disgrace.
FMG Price at posting:
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