^IMHO Mr Andrew Forrest was foolish that he politicised this company
Why couldn't it be just left alone doing it's thing? - sticking to core business - doing what it does best - making oodles of money extracting iron ore in the cheapest way possible to maximise shareholder returns.
Honestly I have never understood what on earth he was doing politicising it
Why do that?
Why do anything that potentially affects shareholder returns?
If you have an opinion on what's best for the planet? - I have no problem with that (and respect it) - Ok. Then donate yr wealth to the cause.
Put up yr own green hydrongen or whatever else you want to do (I have installed my own solar and battery to "do my bit")
But stop grandstanding you think you know what's best for other people's capital
If we are now seeing the SP reacting negatively because idiot green fundies (heck even all of them) don't understand FMG is actually an Iron Ore miner and the sooner it returns to core business the better, then not my problem.
I'll use this current chaos therefore as a contrarian buying opportunity. Assuming all the -Ve IO price is already factored into the SP
Cheers NA/IMO
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1 | 30059 | 16.120 |
7 | 2536 | 16.100 |
4 | 15849 | 16.090 |
5 | 3545 | 16.080 |
Price($) | Vol. | No. |
---|---|---|
16.150 | 750 | 1 |
16.160 | 2500 | 1 |
16.180 | 24718 | 4 |
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