FMG

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$19.55 fortescue ltd

Iron ore price, page-50486

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Switbiskit

1,040 Posts.

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05/09/23

09:22

Post #: 69731577
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Originally posted by Nolan78: ↑

So we that have shares are not allowed to post concerns we have about what is going on.
To have 12 top people including the CEO gone after just 6 months has to be a worry.
The market reaction agreed which you seem to be ignoring.

All the media outlets have been saying what is going on but you seem to want to ignore it all in
case the share price drops further.

I am not saying sell in any of my posts just pointing out what is going on.

I think no much money being spent on green hydrogen and I can back that up with facts
which I've done recently.

People in here do know that 50% of heating on the Earth is cloud based and there are scientists now saying
that adding water vapour will increase clouds and cause further heating.

The others two big issues is for home hydrogen to work every road has to be ripped up to make way for
new pipes as it does not work in current gas pipes. No government can afford to do that.

Issue number 3. If all cars were hydrogen there isn't enough fresh water in our planet to cater for hydrogen cars.
Can't use sea water unless you build thousands of desalination plants costing trillions.

Unless you want to used all your dam water n cars over drinking and feeding crops.

Posted scientific data on that a week or so ago and you seem to have ignored science.
Go google it. Might learn something.

AF is for making money. If he cared about the environment he would not have had that recent party where he flew 700 people in fro all over the globe for a party.

Green steel will be fine but I'd say green hydrogen won't go anywhere. Every country and states in countries are going solar plus battery now over green hydrogen for power. Solar plus batteries can be set up inside 2 years. 1 in 3 homes in Australia have solar and more going that way every year along with big business including the mining companies and FMG for that matter. To build a green hydrogen plant takes about 8 years where solar and battery under 2 and do not need to feed solar where hydrogen must pay for the fuel which isn't cheap.

Every state in Australia is moving to solar plus battery.

As a share holder I wish we'd go for what sells and that is iron ore.

Been in stocks for over 40 years and seen many big companies and billionaires fall due to over spending and getting ahead of themselves.
The Bond empire springs to mind along with many others.

Expand

Just come back to this thread in a couple of years and see if you were correct? Posting the same "hydrogen fresh water.txt" post every day isn't going to achieve anything. Everyone has to make their own decision on whether they're happy with where the company is headed.

Also, the iron ore part of the business is not going anywhere

Last edited by Switbiskit: 05/09/23

FMG Price at posting: $20.20 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $19.55		Change 0.050(0.26%)		Mkt cap ! $60.19B

Open	High	Low	Value	Volume
$19.98	$20.30	$19.51	$184.3M	9.305M

Buyers (Bids)

No.	Vol.	Price($)
5	2568	$19.51

Sellers (Offers)

Price($)	Vol.	No.
$19.56	44282	3

View Market Depth

No.	Vol.	Price($)
1	400	19.510
20	7251	19.500
1	100	19.490
4	5025	19.480
1	25	19.470

Price($)	Vol.	No.
19.670	4208	1
19.720	7073	2
19.730	10510	3
19.750	1496	1
19.760	1000	1

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FMG (ASX) Chart

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