A lot of fisting going on in here due to in part misinformation & emotion of loss...it happens a lot both in forums and media.
I just know numbers & im also a commodities trader both contracts & hard commodities where I ride around on a motor bike through out South East Asia and a 4WD through various parts of Australia.
35 years or what ever it is has taught me a lot & educated me on cycles & time frames.
I bought PLS for .15 when it was supposed to go broke how ever when I sold would not be fair to disclose with emotional loss in this forum at the moment because of what I was told to buy & store.
What dictates me to do so is the market. "BUYERS"
2025 from what I am being told to buy & store is a whole different picture of cycle compared to what is perceived now.
BHP & OZ is indicative of that, lead is another. If only Kagara had of made it.
Piggy funnily enough has some good valid points but is incorrect on demand going forward.
As a validating point, contact Rob Brierley of Fenix & ask him what price he has negotiated for the end of Nov and the ask him why he is receiving $230.30 pdm.
Dont underestimate Iron bridge, its commissioned, ive seen it & it will be a printing machine & change the entire thesis of the Pilbara, its a new dawn of C1 in its on right, or a template if you will for the Pilbara & quite possibly the world for mining.
FMG will become a diversified in due course like S32. I was told in 2010 when I was working for fmg that one Day it will become as big as BHP, of course I didn't believe it then, but I do now. I had no idea the web of what I was building with them and even now, the entire company is only possibly 5% of what It will become. Its going to be enormous. Whats under the ground and undisclosed is mind boggling.
I was going to do some numbers but no point, it seems we are all market watchers & numbers orientated in here.
If you are sitting on losses from falls, ignore the noise and keep the faith.
Average down where you can & in 2025 the SP will be north of $25 again or there abouts.
My buyers in China are somewhat desperate.
Piggy is wrong about China leaving Australia In the cold, but then his comment was reactionary from being sledged.
China needs Australian commodities more than Australia needs China, why *?*
Australia has no Sovereign risk, you make a contract with an Australian "YOU GET IT"
The mere fact I open my mouth as I still have that twang albeit I live in SEA, when it comes to Commodities..what I say is gospel to my buyers. And why ???? Because there is no risk.
The Chinese are not stupid, too proud..well yes...but you can get around that & Twiggy knows how to do that better than anybody I have ever met. He taught me....If he talks, they listen, but they do not listen to Australian politicians. Cant blame them for that, I dont !!!!
FMG could well become eventually the lowest cost base commodities player in the world, its inevitable.
All the best to the long term holders.
Expand
(20min delay)