FMG 1.90% $17.01 fortescue ltd

Even the true believers are starting to question their positions...

  1. 1,936 Posts.
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    Even the true believers are starting to question their positions now. The skeletons are rattling in the closet and soon they will have to open the door. Twiggy is and remains one of the most energetic men the business world has seen in the last twenty years. But energy has to be tempered with reality and logic, and sometimes that doesnt get a good run under his leadership. Look at companies like BHP that have taken 100 years to get to where they are now. You cant do the things Twiggy has done overnight and not leave a trail of loose ends that will trip you up down the road. Those people who are trumpeting the 18 million ton moved so far need to think about what they are supporting. FMG were supposed to be ramping up to 180 million plus tonnes, and that was what they were gearing their infrastructure/capitol raising towards. Now they will be lucky to crack 55 million and have spent billions upon billions of other peoples money to do it.... This could well turn into a failed model with echoes of Annaconda, and that my friends was very bad indeed. Twiggy said recently that the important things in his life were God, Family and Friends... At this time he needs to confide in all of the above to seek a solution to a very precarious situation.
 
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
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