FMG 2.60% $20.54 fortescue ltd

Ann: Agreement for Construction of Very Large Ore Carriers, page-67

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  1. 5,760 Posts.
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    look-the original concept of fmg was actually good.the way i see things now is this-,the big optimists and noise makers on the forum have already made a fortune anyway,that"s why twiggy is the "god"who rose from the ashes and the sun shines out of his proverbial.the real concern is this-the fmg sp rose a lot more %wise than bhp and rio today,as the IO price went up a fraction.this is worrying,as it means it just strengthens the notion that fmg is totally oversensitive to price variations,especially when it inevitably goes the other way and approaches their breakeven point.
    i"m an optimist about most things,but what concerns me most is that we are so stuffed in ausland that we have our standard of living totally dependent on what we dig out of our backyard,sell it to an oppressed communist regime with 1.4 billion peasants, masquerading as worker ants,and they end up calling the shots on our economy.
    another thing to worry about,what happens as they get more and more control as a world power.
    thanks for reading
    cheers crazypunter
 
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