I remember when they started and said to my family I think we...

I remember when they started and said to my family I think we should invest $100K but they said no and
would have ended in a divorce.

Shares rose to $60 a share yes $60. Andrew Forest said they were to high so wanted to add extra shares to bring it down to $6 a share. Not long after that the stock went to $13.15

Then came W Swann ill fated mining tax and just a little bit later the GFC and shares went from $13.15 to $1.13
BHP went from $4 to $20

A year later FMG did 3 dividends which included a bonus one of 13c. The other two was 40c and 60c
so those that bought at $1.13 got a 100% return in divs the next year.

Earlier this year the stock climbed to a record $29.95
Then shares dived from April onwards after Andrew Forrest comes out to say green hydrogen costs to much and
capital pulled the pin the very next day.

Been down ever since.

Market is worried about all the expenses on green projects which are costing a fair bit.

FMG started to sell its higher grade Iron Ore and as the CEO stated recently they have not got anywhere
near maxing out that for export which will change this coming year.

FMG CEO was on the business new son ABC and here is that interview.
https://iview.abc.net.au/show/business/series/0/video/BUSI2022104282740


What many don't know is that come September 25, 2024 China has new regulations for iron ore so that is why the clearing out old steel and old iron ore to make way for the better iron ore.

Steel production has slowed to one billion tons in China. To make one billion tons you need 1.6 billion tons of iron ore.
Australia exports 900 million tons a year to China so that slow down won't even effect our main iron ore miners of FMG, BHP and RIO.

Iron ore is higher than a year ago and been going up in recent days due to probably Chinese mills stocking up the new iron ore for regulations.

I do expect FMG to be above $25 by years end and iron ore to be over $130US/T.

Not advice. Things can go south due to a new war that breaks out or some other event that causes stocks to go south fast.