FMG 0.35% $25.66 fortescue ltd

IRON ORE TO BOOM according to PLAATS HEAD, page-3

  1. 3,175 Posts.
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    A second more deadly wave of the virus is sweeping across Europe.
    They'll be back into lock down. No one buys in lock downs.
    The remaining planes will be grounded.

    China will start losing sales and less need for iron ore.

    This is another GFC moment in time.

    Is a new super crash on the cards.

    Mining stocks set to drop I would think.

    The only good shares are CSR and I'll bail on them soon after buying at $3.58
    They are now at $4.19

    CSR seems to range from $3.50 to $4.50

    FMG, RIO and BHP all down.

    Go add China-Aust relations and it could all go south quickly.

 
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