Banter and general comments, page-10273

@hawthorn
Have you heard of FMG? Now a blue chip ASX top 10 company?
Let's look at their history as an example and see what happened to them after they derisked and timed their production run to perfection to feed into insatiable demand cycle for iron ore.

Little FMG were priced at $0.03 in September 2003 (and 0.01 before that) and only a few short years later in 2006 were sitting at around the $1.50 mark. Why? Derisked project. Huge demand for the commodity they were/are producing. This growth occurred even though FMG was saddled with huge debts needed to finance the development and construction of their project.

Fast forward to 2022, FMG is up 216,200% at around $21 and pumping out massive dividends to shareholders. Who would be complaining, those who bought at 1.50 or those who sold at 1.50?

CXO has timed their production run to perfection and most importantly is debt free with plenty of cash in the bank.

As the wise Leo Tolstoy once said, patience and time are the greatest warriors.

Patience will be rewarded here. Only 7-8 months till production.

IMHO DYOR