The Financial Review would say that, wouldn't they?
The Fairfax press, especially the Fin Review, has run those sorts of articles since Fortescue was about 25 cents.
They and others make the mistake of not placing any value on the biggest asset that Fortescue has, its company culture.
Anyone who has followed Fortescue from its days as AMS (ended 5th August 2003) knows that the current 'problems' identified by the Fin Review, pale in to insignificance compared to its days when it was seeking approvals and raising initial finance.
They just don't get it....to their huge cost.
2012 end of year financials, page-5
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |