FMG 2.57% $26.32 fortescue ltd

True..but that adds a huge dependency on China, it's demand,...

  1. 49 Posts.
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    True..but that adds a huge dependency on China, it's demand, Iron Ore Price and its availability. A small fluctuation in any of the these factor impacts FMG more than its counterparts owing to the same reasons. Diversification doesn't necessarily need to degrade their current performance for iron ore. I do remember the previous CEO not of opinion to diversify however under new management, there were news about FMG trying to diversify however those news are couple of years back and nothing concrete. Lithium might be a solid area with Tesla and other battery companies going up or maybe Gold with the current rates Either case I totally like the current FMG management, their direction and decisions and believe that this is a Rock Solid stock...
    Last edited by Melbrij: 09/08/20
 
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