It could be all over for FMG by xmas, I don't see FMG surviving...

  1. 7,247 Posts.
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    It could be all over for FMG by xmas, I don't see FMG surviving past June 2015. The iron ore price should be below $60 by March 2015

    Its easy to make statements like that. I'll bet you are hoping nobody actually asks you to explain why in detail, figures, losses, effects etc, - considering that the company is making profits at present, is very well managed, and has the best connections to its market in the business. And no debt due to be repaid for a couple of years.

    I'll bet that if I asked you to come up with figures and reason for your statement, you couldn't do it, could you?
 
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