FMG 1.10% $18.88 fortescue ltd

HC PostersOn Saturday a client invited my wife and I for dinner...

  1. 3,510 Posts.
    lightbulb Created with Sketch. 147
    HC Posters

    On Saturday a client invited my wife and I for dinner at a very nice restaurant in Sydney.

    After dinner my wife and I decided to go for a drink at a hotel at the Rocks.

    I went to the bar to order drinks and close to the bar there was a table with three guys, in deep conversation. One of them looked familiar, I stared and thought were did I know him from?

    It was AF, I decided to be bold and interrupted and asked if he was AF, he confirmed he was and I had a brief conversation, congratulating him on his success with FMG.

    He asked if I was a shareholder and I replied I was and in fact was so confident with FMG that I held 700k in shares via a margin loan.

    His exact reply was "hang in there", FMG will stay the course and I will be rewarded with my investment. I asked about further debt reductions and he said that shortly more news would be provided.

    He may be a billionaire but my impression was that he was just a normal bloke and that money had not gone to his head.

    I was very impressed and believe that few boards have a Chairman that actually believes as much as he does in their company.

    Well done AF and thank you for the reward that I am confident I will receive if if hang on.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$18.88
Change
-0.210(1.10%)
Mkt cap ! $58.13B
Open High Low Value Volume
$19.25 $19.26 $18.80 $114.8M 6.045M

Buyers (Bids)

No. Vol. Price($)
4 2485 $18.88
 

Sellers (Offers)

Price($) Vol. No.
$18.91 185 1
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.