Thanks heaps Tony, for running the slide ruler over my ideas.
I agree 100% with everything you kindly pointed out.I have leant that I should include qualififying illuminations of the general principles I'm highlighting. I tend to often charge ahead assuming everyone understands the underlying foundations. So I thank you for making me aware of this fundamental weakness. So here they are ...
All my processing for personal investing or assssing projects such as FC involves 10 year timeline chunks. This is the most important foundation of my investing assessing, particularly true of investing in Fortescue, and in this specific case, FC.
Also, I couldn't agree more with you that it's essential to carefully assess each project to ensure their viability. I'm sure that applies to any quality financial institution. Again, I sloppily took that as a given.
Thanks heaps, Tony, you've taught me a valuable lesson....I should include any assumptions such as timelines and the necessity for careful project assessments in a footnote.
Having said all that I remain super-enthused about FC's immense potential over the LONG term.....if the FC team in New York is sufficiently competent to CORRECTLY ASSESS the manifold emerging decarbonising projects. Lesson learnt, master! I hope this is a more effective communication.I must not be so sloppy and lazy!
Thanks for your thoughts,mate, have a marvellous weekend, Wes
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