That's right, he sees the writing is on the wall. Your customer wants to cut you out and build their own supply in Africa. You've got a few years at best. You can either stick your head in the sand and pretend it's not going to happen or you can hedge. Their new ventures is their hedge; if China continues buying from us in a few years, ok no problem, bonus actually coz we're diversified now anyway. If they do end up not buying any iron ore from Aus anymore then no prob, we're diversified now anyway. But not only are we diversified, since you won't buy our iron ore then we guess we'll just have to use our abundant free unlimited renewable energy and make steel ourselves and try muscle in on your lunch and CUT YOU out. I've got my popcorn ready
That's right, he sees the writing is on the wall. Your...
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$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| FMG (ASX) Chart |