FMG 5.53% $20.14 fortescue ltd

HmmmmmIntellectually intriguing But practically full of...

  1. 874 Posts.
    Hmmmmm
    Intellectually intriguing
    But practically full of holes
    Given about half ( I think ) of China's IO is sourced locally at a high cost that would close if prices crashed
    China is halfway to it's urbanisation target. This is central to the party avoiding social unrest. A primary goal
    USA economy recovering with huge backlog of infrastructure needing replacement
    Compound 7% growth in China is staggering in it's demand profile

    Not sure I will lend my shares to Jim to short

    As I get older I have learnt there are extreme theories of the future. Both good and bad. Normally neither happen and when they do they are very rarely accurately predicted

    Hope I'm right. Rock on Twiggy
 
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