Good to see commitment to green energy is intact.
Perhaps the messaging in the initial announcement of job cut backs and what was seen as a pivot by the market could have been handled better?
@TonyIndo, did you see this news release?
It’s a tough gig … a prescient action by FMG to reduce staff in the face the global rise of right wing politics and growing antipathy towards renewables … notably from Donald Trump who is on record for wanting to unravel Biden’s IRA, and who less than a week ago seemed unstoppable … to not finesse company efforts in these circumstances would have been irresponsible imo.
Harris looks to be a chance now at the White House and I expect she would not make sudden changes in energy policy.
Dex
News: FMG UPDATE 2-Fortescue to step up energy spending, beats with quarterly record iron ore output, page-4
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$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| FMG (ASX) Chart |