ASX Shares Fortesque Metal (FMG)

everytime i watch the Foxtel MONEY channel they hype about Forteque metal (FMG)

Anyone here know about iron ore ? any one have a idea about FMG

Now down to $5.09

 

good time to buy mate, get into it, I am.
IMO.

 

Even though the mining/resources boom is supposed to be over, I'm still seeing mining shares doing well.

 

Not to sure about FMG.
China is really clamping down on their emissions and the steel industry in general .
The high grade ore that RIO and BHP sell is what they want .
Lower grade stuff that FMG currently send over produces more emissions and is unwanted by Beijing

 

If you put 10 K down on FMG when they were 1c and sold when they hit $10 per share ( a few years later) your holding would be worth $10m.

That magic word ...."if"

 

Get into it, buy heaps.
Or short the bejeesus out of it. Only hindsight will tell if you pulled the right lever........
If you do nothing you will be able to sit back in 10 years and think "If only I had ?"

 

And 6 weeks ago they were $4.50. Is this around the time you were last watching Foxtel MONEY?

 

but,,,last week up towards 5.40

who is going to predict they hit $6 this year or even $7 ?

anyone want to make a guess ?

mind you the Dividend is good though.

 

Got yourself any bitcoins yet?
Time to buy is NOW! or at least thats what I heard....

 

All I know is purchasing takes one click,and all their products are in several physical locations ,and anyone that studies acquisition habits on Foxtel money know they don't always get it right..

 

hi Willair

going to school in Mt Druitt in the 70's we wernt taught about graphs ,can you elaborate your opinion on FMG ?

 

Charles Darwin when he came back to London and first spoke at the Linnean Society in London showed everyone that would listen evolution can throw items at the wall and see what sticks and what falls unto the ground -so coming from your Mt Druitt 70's background with it's shortcomings everything can be over come with hard work a little effort and self made luck..That's the way I look at the equities markets what sticks and what falls onto the ground..

The only item i'm licensed to drive is a car,so I can't give any advice on FMG but coming from a public school grade ten dropout in the 70's like yourself you would have a lot more experience then me in equities property markets..

In my opinion FMG-depending on the entry price level plus the div's longterm is a solid investment,or this is quote from Gene Simmons..
Life is not kind or fair .I didn't make these rules.I'm just aware of them and that is what give the least intelligent power..

 

FMG have acknowledged the need to upgrade their product. See ASX announcement of 30 November which include changes to executive team but also this advice:

A change in marketing focus directly related to flexible operations and new markets will also lead to greater penetration in global iron ore markets. Complementing this is our target that in the future a majority of Fortescue’s production will be >60% Fe competing head to head in the higher grade markets. This strategic target will be achieved through the Firetail replacement project without losing the company’s focus on minimum mine lives of 20 years.

Disclaimer: I hold FMG - average price of $2.09

 

Down again today to $5.01

oh well at least the Dividend will be good.

Everyone keeps spruiking this Stock so maybe it will hit a sharp rise one day going up a $1 a share !

 

Yet barely anyone was talking it up when it dropped below $2 a couple of years ago. Makes you think.

 

When "everyone" is spruiking it....run!

 

There's no Q in Fortescue