FMG 1.91% $17.94 fortescue ltd

Iron ore price, page-53504

  1. 4,102 Posts.
    lightbulb Created with Sketch. 797
    I only ever had 4 on the ignore then added a few more to that. EFT and uranium added.
    I can't be bothered into getting into arguments. If people like to hate I can't be bothered.
    Life to short for that. Set them to ignore and move forward.

    Friday blues and market down. IO down a bit.
    A good article on ABC web page about green hydrogen and why the thinking now is from fuel
    to making green iron/steel. Worth a read. Glad FMG come to its senses. More money back into
    the pockets of investors in the way of dividends into the future.

    https://www.abc.net.au/news/2024-07-21/green-hydrogen-forrest-fortescue/104120492

    IO back at $100US/T
    Its been hovering at about $100US/T give or take a few dollars for the past few weeks.
    At some point it will break past $110US/T. Maybe into September/October.

    Been a good time to top up. Company will get back to what it does best and then the stock will fly
    well that's the hope anyway. Reporting season starts August 28 an dafter that should see the stock bounce.


    https://hotcopper.com.au/data/attachments/6355/6355250-e76896608fe46db9a90a9ac3094ccf51.jpg



 
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