FMG 1.56% $18.27 fortescue ltd

Just quickly, mate cos I gotta do a short guitar session, and...

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    Just quickly, mate cos I gotta do a short guitar session, and then head off to Snoozeville. (I wish we didn't have to sleep...there's,frustratingly, never enough hours in the day!)

    I agree with all your comments re the logistics and potential of the Morocco deal.However to illustrate the contrast I was highlighting with Twiggy.....Twiggy, roughly a decade earlier, set an iron clad target for 100% decarbonising IO production by 2030, (one of the reasons I injected more funds into Fortescue)

    No pussy-footing around. THIS WILL BE ACHIEVED BY 2030 he announced.....and was ridiculed for it, just like he was ridiculed when originally establishing a low cost, low IO grade mining operation.His critics revealed their incompetence then, and continue to demonstrate their inability to learn from their mistakes!

    I believe his technique of setting stretch targets with timelines is the rocket fuel that propels him to success. Others could learn.

    I stress I'm not denigrating the worth of Morocco operations, I reckon they're pregnant with possibility!

    Good night everybody! Wes
 
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