FMG 3.07% $18.81 fortescue ltd

Iron Ore Price, page-731

  1. 2,425 Posts.
    lightbulb Created with Sketch. 26
    Blox you talk a lot of sse and the sad fact is that no one beloieves fmg whern they talk, and they are a proxy for shorting/selling for every bit of bad news on fe and/or china

    the gargbage that is bandied around on this forum is just that garbage, the interest is a small cost per toone per year, they are not in survival mode they have world class infrastructure etc and anyone with a longer time frame than a few months ie the chinese would know how valuable fmg is to them. as dealing with bhp and rio only would be suicide for them.

    at the moment the tide is very much against us, my cost is 3 times current price, but what do you do? we need to wait until some other sector is the plaything of the sellers and shorters

    finally imo the company is a world class operated company with management that any company would die for, but that doesnt help when sentiment and cynicism is as poor as it is right now. Even the taxi driver and the pimply freshed y gen who think they know everything is short fmg

    good luck to them and all of us too
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$18.81
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