FMG

1.20%

$21.41 fortescue ltd

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Dart89

98 Posts.

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05/09/23

20:18

Post #: 69743593
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Originally posted by Nolan78: ↑

Seen many over the years over spend even billionaires and the same was said about Bond in the early to mid years
and ends badly in the end. Know your history or doomed to repeat it.

12 of his top people tried to warn him and he forced them all out.

I am happy with my FMG. And in a hold pattern. I have not sold. Just pointing out a fact that he's making bad calls and the market agrees.
IO goes up and FMG goes down.

I said this a week or two ago when someone posted after buying at just over $20 I said don't panic if your shares
drop below $20 they'll eventually go back to $23. I also stated I expect FMG to go below $18 before it starts to pick up again.

Back when it was $26 a share I posted I expected it to go below $14 and got flamed and it then go at low as $13.97
before the rebound.

I do not buy and sell as I do not want a massive tax bill. I like my franking credits and the longer you keep the shares over years the less tax you pay when you go to sell.

The best time to buy is on super crashes like the last big one which was early 2020 at the start of the pandemic.
Go look back in AWC in January of 2020 when I stated I expect a super crash as pandemics stop economies and was laughed at.
Then the super crash happened. I didn't go back to AWC I waited a bit. FMG dropped to $8.20 and I waited until it leveled out and bought in at
just over the $9 mark. The dividends have nearly paid for my shares in just over 3 years and the franking credits mean I am ahead.

I posted all that going back when. Its all on the record in here.

Lithium will only be around the next few years. Hyundai, KIA and Tesla moving to solid state batteries and others will no doubt follow.
Technology advances and the ones that do not keep up lose.

I have an EV already in the Hyundai IONIQ6 and when ever the battery fails it will be updated with what ever is the latest in battery technology in 10 to 15 years.

The Hyundai IONIQ7 due out in 2024 will still be lithium and later models of the IONIQ7 probably the N class will be solid state batteries in 2025.
Go check that model of car out. Looks a great car. Charges in 7 minutes.

Expand

The glass solid-state battery can have three times higher energy density2 by using an alkali-metal anode (lithium, sodium or potassium) that increases the energy density of a cathode and delivers a long cycle life. A solid-state electrolyte is presumed to be non-combustible or at least resistant to self-ignition.

Looks like lithium will still be used for solid state batteries...

FMG Price at posting: $20.05 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $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

Buyers (Bids)

No.	Vol.	Price($)
1	93	$21.40

Sellers (Offers)

Price($)	Vol.	No.
$21.41	12657	3

View Market Depth

No.	Vol.	Price($)
1	93	21.400
2	3150	21.350
1	200	21.330
2	1046	21.320
1	1000	21.310

Price($)	Vol.	No.
21.420	1200	1
21.450	1500	1
21.510	2020	1
21.520	951	1
21.530	1500	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

FMG (ASX) Chart

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