FMG ought to drop its green disaster plans out the window.
Costing us to much money.
They wasted a billion on green hydrogen. Imagine what dividends we
could have had over wasting it on green hydrogen projects.
They going to spend even more on other green projects which are all going to fail too.
Green iron will end up being mothballed too as it makes the steel so much more expensive.
They seem to have it in their heads that the steel will be stronger and cleaner which costs far more but
they forget all the end customer wants is cheap steel not steel that costs far more in price.
There other green projects will all fail badly.
If Andrew Forrest wants to save the world let him use his OWN money not ours.
All they hope to do is make 1500 tonnes of green iron which won't being any benefit
to the company and will take 50 years to pay off. They throwing a billion at that as well for 1500 tonnes.
They've lost their minds.
When ever FMG gets back to $25 I'll bail and go put it in a more stable stock like BHP.
FMG bounces down hard this time of the year and in most if not all years.
Don't see that with BHP. At worst they'll go down 15% not 50%.
FMG becoming a dividend trap for shareholders.
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Price($) | Vol. | No. |
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16.150 | 750 | 1 |
16.160 | 2500 | 1 |
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