Australia's largest stock trading and investment forum Australia's #1 stock forum

FMG

3.61%

$20.10 fortescue ltd

POWER!!!! Fortescue Future Industries, page-4774

First 4774 Last

Share
Profile

Follow
minval

67 Posts.

18

30/09/24

00:03

Post #: 75896031
Share

Originally posted by WesTig: ↑

Minval, having been a humble outdoor blue collar worker all my life, please excuse my ignorance. The point I'm submitting to the conversation is very much a question, not an argument.

It seems to me that the majority of the savings offset parameters you mentioned are irrelevant because most of them are also equally applicable to current old-time equipment.....i.e. depreciation, maintenance, utilisation rates, productivity rates. In fact some of the factors just mentioned will actually produce cost savings

Please let me explain....Have you ever checked out under the bonnet of a Tesla? Mate there's bugger all there Electric engines are so freakin simple compared to ICE engines. So much less to go wrong in addition massive carbon emissions reduction. I replaced equipment like ICE chainsaws with Battery chainsaws. Mate, they were so superior and cost and maintenance time reducing, and that can be extrapolated to heavy machinery.

Also your productivity concerns have already been proven to be not only irrelevant but factually incorrect. I say that because for sometime now Fortescue has been conducting trials of the ev Roadrunner trucks on the mining site. One of the emphasised major findings has been the superior productivity performance of the Roadrunner over the hopefully soon to be rendered obsolete old school ICE trucks.

My conclusion is that as Nuto postulated, costs will significantly reduce by our transition.

Does any of that make sense Mv? Please feel welcome to shoot down my observations if you detect mistakes in my thinking. Your experience and knowledge is valuable in this discussion.

Thankyou, Wes

Expand

PS I have 4 chainsaws (battery, electric and petrol) plus numerous other equipment and the petrol versions far outperform the battery and electric tools.
We don't seem to agree on much.

FMG Price at posting: $20.10 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

First 4774 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $20.10		Change 0.700(3.61%)		Mkt cap ! $61.88B

Open	High	Low	Value	Volume
$20.26	$20.49	$19.94	$337.2M	16.71M

Buyers (Bids)

No.	Vol.	Price($)
2	38056	$20.09

Sellers (Offers)

Price($)	Vol.	No.
$20.15	20000	1

View Market Depth

No.	Vol.	Price($)
1	7000	20.080
1	5000	20.050
3	2700	20.020
8	2885	20.000
1	2500	19.990

Price($)	Vol.	No.
20.160	11740	2
20.180	180	1
20.200	966	1
20.260	3200	1
20.280	993	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

FMG (ASX) Chart

POWER!!!! Fortescue Future Industries, page-4774

ACCC seeks Olam divestments before it can buy Namoi Cotton

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

POWER!!!! Fortescue Future Industries, page-4774

Top Stories

ACCC seeks Olam divestments before it can buy Namoi Cotton

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News