bottomless

While I'm not a FMG investor, I pity the few who got in a few weeks back.

I think FMG is going to continue south unless the company make a swift and significant announcement clarifying in no unclear terms the feasibility of the project.

FMG has risen (read skyrocketted) on a promise - a promise to deliver one of the worlds greatest iron ore mines. Understandably when doubts arise, one can only watch the market retrace a steep incline. It will take figures and facts and projected net profits to change that....not a few calming words from the directors. As FMG is yet to be producing (and not making a solid income stream) its hard to predict a "bottom" where the fundamentals of the company hold it steady.

I would suggest getting out with a view to buying back cheaper later - there are plenty of good iron ore producers without the risk, MGX, PND...

On the bright side those that bought at sub 50c really shouldn't let this wipe the smile off their face.....it has been an incredible ride to watch.