FMG 1.91% $21.62 fortescue ltd

You know, if contrarian opinions are welcome, why the need to...

  1. 7 Posts.
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    You know, if contrarian opinions are welcome, why the need to insult people?
    Not that I need to justify myself, I’m here to share my options and listen to those of others. It’s helpful, you know?

    I never said I was disillusioned with Fortescue. I think it’s a good stock and I think iron ore is a good business to be in. My criticism is of Twiggy, who has let down shareholders, taxpayers, and the 700 people who just lost their jobs due to his pig headedness.

    As for “having a whinge”…there’s no need to get emotional.I never said the dividends were poor. I said funds were diverted from dividends into FFI. This is an objective fact.

    It’s also a fact that the green hydrogen dream, as well as many other renewable projects, are not economically viable. However they can be viable for a company to pursue because they are so heavily subsidised by taxpayer grants. This is a problem. They don’t, as far as I can see generate actual wealth, and this is something relevant to any investor.

    I’m interested to hear what others think. And I’m also disgusted that both the Government and Forrest keep up with the hype, while taxpayers and shareholders pay for their delusions.


    Last edited by Mazzzy: Today, 14:06
 
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