Cowcockie, it won't be pleasant and heads will roll. I bought just before close on Friday on what I thought was people fearing Roy hill delays. I hope (though I know asic won't do much) that afternoons trading is properly investigated.
There's a lot of negative commentary at the moment around forge.
I am trying to figure out at what price I would buy fge if it falls enough: There's Roy hill Taggart is doing well These alone could be close to 50m profit 2015. And management will be running a very very wide eyed operation going forward. Even if dilution is 100% that would be 180m shares. 4x pe is north of 1aud. Lesser dilution, other projects, cost of labor falling, recovering pe would see it in 3s once the dust settles.
FGE Price at posting:
$4.18 Sentiment: Hold Disclosure: Held
