FMG - Did anyone ride this one all the way?

[hector]

Just interested who made gains on this amazing story over the past few years. Traders? Long term?
Penny stock share price a few tens of cents to >$80 over 3 years!!!
Wow.

Cheers

[ronthepom]

Just interested who made gains on this amazing story over the past few years. Traders? Long term?
Penny stock share price a few tens of cents to >$80 over 3 years!!!
Wow.

Cheers

Think you've got it wrong hector, its $8 per share.

[slam]

Think you've got it wrong hector, its $8 per share.

10 4 1 split

[hector]

Think you've got it wrong hector, its $8 per share.

Hi Ron.
Yea I think they did a 10:1 split along the way so if you got in early then price equivalent $80...... MAD

[ronthepom]

Hi Ron.
Yea I think they did a 10:1 split along the way so if you got in early then price equivalent $80...... MAD

Then a nice one alright, lucky for some eh?

[Romer]

Och ai. If only we had a crystal ball!

[shasta]

Och ai. If only we had a crystal ball!

Romer

FMG had a very large resource of a resource (Iron Ore) that wasn't really being talked about whilst it grew & grew (even before selling any) into a multi billion market cap.

Paladin in someways has done the same with Uranium, from penny dreadful to $A5+ (& a market cap in the billions).

If you are looking for the "next" FMG, follow the same logic...

ADY has a large Lithium/Potash resource, & agriculture seems "hot" with phosphate...(ie, IPL).

LNC is another with explosive potential - having a large UCG (Underground Coal Gasification) resource.

Im sure there are a few more "under the radar" :D

[The Big Ease]

someone on another forum who "confessed" to having bought in at 40 cents or so.
still holds, the bastard. hehe

[Romer]

Thanks Shasta. I will have a look. Meanwhile I am overweight in PPP cause I think the share price HAS to move soon.

[underDOG]

Romer

FMG had a very large resource of a resource (Iron Ore) that wasn't really being talked about whilst it grew & grew (even before selling any) into a multi billion market cap.

Paladin in someways has done the same with Uranium, from penny dreadful to $A5+ (& a market cap in the billions).

If you are looking for the "next" FMG, follow the same logic...

ADY has a large Lithium/Potash resource, & agriculture seems "hot" with phosphate...(ie, IPL).

LNC is another with explosive potential - having a large UCG (Underground Coal Gasification) resource.

Im sure there are a few more "under the radar" :D

wow

who has been following the fall and fall of FMG last few months


broken $2 now


AF was OZs richest man last year, he will be lucky to be in top 50 now!


$12+ to $1.88...and new 52 week lows today $1.825

[MrDevine]

Its been incredible to watch, has been on my list. Looks like another example of things not being what they seem.

Problems the market perceive are, loads of debt, uncertain cashflow, possible falling Iron Ore prices, low grade Iron Ore, and perception (reality?) that Iron Ore shipments are being refused by some steel makers in China. All in all stormy waters for FMG.

Some talk on HC that FMG might get eaten by somebody else (BHP may be keen on the rail lines and port infrastructure FMG have built). Maybe a chinese company who knows?

Mr D

[underDOG]

Its been incredible to watch, has been on my list. Looks like another example of things not being what they seem.

Problems the market perceive are, loads of debt, uncertain cashflow, possible falling Iron Ore prices, low grade Iron Ore, and perception (reality?) that Iron Ore shipments are being refused by some steel makers in China. All in all stormy waters for FMG.

Some talk on HC that FMG might get eaten by somebody else (BHP may be keen on the rail lines and port infrastructure FMG have built). Maybe a chinese company who knows?

Mr D


probably are looking

its gotten around $22,000,000,000 cheaper in the last few months anyway:D

[ollie]

Fmg has attracted 2 stock exchange enquiries over the past 2 weeks re; share price appreciation. It was up 70% one day last week to $2.99, yesterday it was down 20% to $1.71, it's all over the shop. It's low was $116 a few weeks back. I don't see any news except about shipping contracts ????

Iv'e traded it a few times succesfully but would like to hold some long term ??

Can anyone please throw some light on company.

[winner69]

Fmg has attracted 2 stock exchange enquiries over the past 2 weeks re; share price appreciation. It was up 70% one day last week to $2.99, yesterday it was down 20% to $1.71, it's all over the shop. It's low was $116 a few weeks back. I don't see any news except about shipping contracts ????

Iv'e traded it a few times succesfully but would like to hold some long term ??

Can anyone please throw some light on company.

Went down yesterday because they said some contractor $3m odd bu issuing shares ...... and the market said oh hum no cash in the bank

Unusual thing to do I say

[macduffy]

Given the state of the world economy, the parlous state of the market for iron ore and the amount of debt that FMG carries, it looks to me to be a highly speculative proposition at the present time.
The market seems to agree.

[ollie]

the rumour says FMG is talking to China about some sort of deal ?? Limited news on this side of the ditch, whats the goss team. Looks like China wants as many Ozzy minning assets it can buy at depressed prices which no doubt will give them strenght in pricing future contracts of iron ore..??

[Corporate]

Does anyone follow FMG anylonger?

Seems reasonably priced at at current PE of 10, with massive growth plans!

[winner69]

The big short for one punter

http://www.smh.com.au/business/renowned-shortseller-bets-against-fortescue-20120426-1xo0r.html

[winner69]

Good to see - Andrew fights back ..... those nasty gurus who do this shorting need to get their comuppance one day .... irrespective of whose right lets back Andrew anyway - if he says FMG is not a value trao it aint

http://www.smh.com.au/business/fortescue-boss-hits-back-over-negative-rumours-20120429-1xt09.html