FMG 1.91% $17.94 fortescue ltd

Friday often a horrible day for FMG. I see IO has dropped back...

  1. 4,102 Posts.
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    Friday often a horrible day for FMG. I see IO has dropped back tonight.
    Hoping it rebounds a bit before the end of the night. If not we may go south early
    but if IO picks up 8am Perth time then we'll be fine.

    Saturday will be the big day for the world with China hopefully doing a big spend
    and then come Monday boom up FMG and others will go.

    Watched business news again tonight. Not looking so good for lithium miners
    for the next few years where they thing many will go under leaving a few that will then
    be able to put prices up and then make money. Think I said that many times in here
    before. Saw that with IO in the 2000's where there was an over supply problem
    and the new mines came on and IO fell through the floor and they went under leaving
    the bigger boys left to make their fortunes.


 
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