FMG 1.32% $19.47 fortescue ltd

Iron ore price, page-54570

  1. 3,977 Posts.
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    Is it day light saving over east as they still trading shares after the usual closing time.

    The market clearly doesn't like the direction FMG is going with green projects that are losing money.
    The way its going FMG will be in the $14 or lower range soon. I dare say it could get under $10 a share.

    BHP and RIO are not falling nearly as fast as FMG is.

    This is the biggest drop in FMG history at over $14 in any given year since they started.
    Maybe we don't get back to $25 this year. Be lucky to get back to $20 due to how much its fallen.

    I am not selling. I know at some point it will be back up but I wish management would tell AF to move away
    from green projects on focus on what makes us the most money which is IO.

    https://hotcopper.com.au/data/attachments/6448/6448357-84d62d3e72123f538b41682ec0e46329.jpg

 
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