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$25.66 fortescue ltd

Simandou will be operating by 2025. You obviously aren't aware...

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PigsMightFly

7,705 Posts.

2797

30/06/22

22:51

Post #: 62307951
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Originally posted by Atlanta1: ↑

If you think that there will be a viable, never mind profitable, IO operation at the Simandou site anytime in the next 100 years then you need your head read... There is no infrastructure in the area, no roads, no port, no rail, no housing, no medical facilities, no financial structures, no legal certainty, no access to capital, no political certainty, no available labour - skilled or unskilled and no account taken of the appalling prevailing weather conditions..
China is either bluffing on this hopeless endeavour or shockingly naive... in either case it matters not to us as FMG holders.
Let the Chinese learn what the British, the Belgians, the Dutch, the Portuguese, the Italians, the Americans, the Germans, the French and the Turks discovered about Africa over the last 600 years.. Africa is the place where capital goes to die and where all turns to dust...

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Simandou will be operating by 2025.

You obviously aren't aware of the Chinese constructed cities, superhighways, metro systems, high speed trains, mega dams and ports in Africa.

This is what Africa currently looks like due to Chinese investment.

Last edited by PigsMightFly: 30/06/22

FMG Price at posting: $17.53 Sentiment: None Disclosure: Not Held
6 Upvote

2 Great analysis

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(20min delay)
Last $25.66		Change 0.090(0.35%)		Mkt cap ! $79.00B

Open	High	Low	Value	Volume
$25.72	$25.86	$25.63	$77.37M	3.012M

Buyers (Bids)

No.	Vol.	Price($)
3	11417	$25.65

Sellers (Offers)

Price($)	Vol.	No.
$25.70	2000	1

View Market Depth

No.	Vol.	Price($)
3	2020	25.630
6	4759	25.600
1	585	25.580
4	1222	25.570
1	776	25.530

Price($)	Vol.	No.
25.700	2000	1
25.790	500	1
25.800	14508	2
25.820	5500	2
25.830	61000	2

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last $25.72			Change 0.090 ( 0.55 %)
Open	High		Low	Volume
$25.72	$25.86		$25.64	785342
Last updated 15.59pm 03/05/2024 ?

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