FMG 1.10% $19.76 fortescue ltd

Irs only my opinion but I think The Hydrogen Hype was only that....

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  1. 475 Posts.
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    Irs only my opinion but I think The Hydrogen Hype was only that. I invested in FMG for the iron ore and viewed the Hydrogen as an unhelpful diversion. The whole idea of a miner becoming a supplier of mining equipment was always a bit much, particularly as it was based on the future development of an unproven and largely uneconomic into a proved technology at scale including a dramatic reduction in future electricity input costs was complete BS. The reason the share price didn’t bounce was people had written the Hydrogen out of the share price a long time ago or never wrote it in the first place. Twiggy is a legend but even legends have their foibles.
 
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