FMG's first appearance on the ASX under the Fortescue Metals name was priced at … just 2 cents a share.
A few months before that, it was a one-cent company.
Fortescue’s current share price is $17.640, as well as its all-time high of $26.58,
The rise from 2 cents to today’s price represents a gain of 88,200%,
Or 882 Bags.
So every thousand people put into it back in the day is now worth $882 000
So when Boomers tell me they are so smart,
and act arrogant towards others,
I think to myself,
Any idiot could have done that,
And wonder why they all aren't Millionares?
It had great gains but the money has been made.
That's why it is mentioned on the news so often,
It would effect our economy if it were to drop too much.
With such great long term gains it also has a long way to fall,
Especially after a 40% reduction in profit.....
The thing is to find the next FMG,
IMO it is Lithium and REE Stocks which will be the next FMG, BHP, RIO's, Etc.
Picking just one of these early,
Could make life changing $$$$....![]()
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FMG's first appearance on the ASX under the Fortescue Metals...
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