FMG 0.45% $22.10 fortescue ltd

herger

  1. 33,574 Posts.
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    Yes I have been knocking this stock since it was around $1.00 looks like I could have become a millionaire if I had got on.
    SOme of the reason for mine and others lack of trust in this FMG concept is the method of mining proposed. Using machines that basicly rotary hoe the BIF out of the ground has not been done before to my knowledge, and I wonder the machine life doing that. Also the ore seems rather low grade with high sulpher content so hard on oxidising blast furnaces

    I give Twiggy credit for his show manship though.
    Any way in the last year I lost 15% of my share portfolio equity so take what I say with a grain of salt. most on here probably are showing a 100% return or more on their portfolio well done!
 
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