Iron ore price, page-36584

Doing a small experiment with 1000 FMG that I bought recently. I keep my main amount of FMG shares.

Will sell the 1000 shares at $21 tomorrow(Fri).
Then they'll drop by I suspect $3 to $5 or more and in two weeks I'll buy back in and be able to get extra shares.

Come October FMG will go up despite what ever the IO price is doing as there will be quarterly results
and the profit will be at least 70% higher than it was a year ago when it was around $80US/T.
This is what people are forgetting.

FMG also by then may have a nickle mine bu then which is needed for electric cars.
I can see FMG getting into lithium as well and may see a few buy outs in WA of lithium mines
and then see the stock soar. WES did this as well where they bought up a lithium mine and
now their shares are soaring.

It will be interesting how the next month or two plays out. I am betting that FMG is about to go up quite a bit
despite what the IO price is doing.