FMG - Fortescue Ltd

[divs4ever]

Good afternoon
Chart update:

View attachment 194514

i exited FMG a while back when he started talking 'green initiatives ' fearing a R&D abyss

sure i made a nice profit last time by averaging down when it was below $20

but do i risk another ride ?

just gone ex-div. ( and the next div. might be less than stellar )

i will think on it sub $16 looks like a good place to start ( 'averaging down ' )

 

[rcw1]

i exited FMG a while back when he started talking 'green initiatives ' fearing a R&D abyss

sure i made a nice profit last time by averaging down when it was below $20

but do i risk another ride ?

just gone ex-div. ( and the next div. might be less than stellar )

i will think on it sub $16 looks like a good place to start ( 'averaging down ' )

yep and rcw1 will fast trade once again ... been a long while!!!

 

[divs4ever]

yep and rcw1 will fast trade once again ... been a long while!!!

yes the volumes should be fat enough for most retail traders

 

[dat111]

Still Accumulating
$10.43 on 28/2
$10.10 and $9.93 on 4/3
all in USD.

 

[dat111]

Another 1K at $10.00USD on 4/3

 

[rcw1]

Another 1K at $10.00USD on 4/3

rcw1 missed $9.95 yesterday ... Note you captured at $9.93 well done ..

Kind regards
rcw1

 

[rcw1]

captured

Probably, double gorilla swing trade this baby

Kind regards
rcw1

yep and rcw1 will fast trade once again ... been a long while!!!

i exited FMG a while back when he started talking 'green initiatives ' fearing a R&D abyss

sure i made a nice profit last time by averaging down when it was below $20

but do i risk another ride ?

just gone ex-div. ( and the next div. might be less than stellar )

i will think on it sub $16 looks like a good place to start ( 'averaging down ' )

 

[divs4ever]

but do i want in this time ?

sure Twiggy has put some runs on the board , but now he is messing with science stuff and that can turn expensive

 

[TimeISmoney]

but do i want in this time ?

sure Twiggy has put some runs on the board , but now he is messing with science stuff and that can turn expensive

Someone tell Twiggy that investors don't care about philanthropy and maybe ask them first before you blow their money.

 

[divs4ever]

Someone tell Twiggy that investors don't care about philanthropy and maybe ask them first before you blow their money.

well to be fair Twiggy does own a fair wad of shares , but if he is going to rely on BIG money ( instos ) supporting him all the way .. he should prepare for disappointment ( grandma and grandpa accounts don't short shares )

 

[TimeISmoney]

(Savings of 1 billion liters of diesel per year )

 

[qldfrog]

(Savings of 1 billion liters of diesel per year )

will see

 

[rcw1]

(Savings of 1 billion liters of diesel per year )

Hi @TimeISmoney
Certainly and 'eye opener' indeed.

Kind regards
rcw1

 

[divs4ever]

(Savings of 1 billion liters of diesel per year )

thanks for keeping me skeptical about buying back into FMG

if you don't understand why , go back and look at a map of where Twiggy's Australian mines are located
add in the factor of fine iron impregnated dust ... and ultra fast chargers

 

[TimeISmoney]

thanks for keeping me skeptical about buying back into FMG

if you don't understand why , go back and look at a map of where Twiggy's Australian mines are located
add in the factor of fine iron impregnated dust ... and ultra fast chargers

Many mines across the world are already running electric vehicles on site.

Heaps of electric stuff in Port Hedland, or in any crushing plant on a mine site for that matter.

Electric equipment will improve over time, it's no different to when they introduced the PC to the world.

 

[wayneL]

... it's no different to when they introduced the PC to the world.

Let's hope it goes better than Windows

 

[sptrawler]

We are getting back into the buy window IMO.
But with the Trump disruption, it's anyones guess where the bottom is.
Kudos to those who pick it.

 

[divs4ever]

Many mines across the world are already running electric vehicles on site.

Heaps of electric stuff in Port Hedland, or in any crushing plant on a mine site for that matter.

Electric equipment will improve over time, it's no different to when they introduced the PC to the world.

i was in warehouses using electric forklifts ( and pallet transporters ) over 50 years back ( well before the PC .. AND the PC has taken several wrong turns , but one day they will work that out as well )

there will not much to improve if China stops exporting rare earth minerals ( and the West won't do the dirty processing themselves ) after all an electric engine is a lot of copper wire ( which we find difficult to mine profitably ) and some magnets ( which now have some exotic minerals in )

but the future is coming enjoy it

 

[divs4ever]

Let's hope it goes better than Windows

no it won't for the same reasons , Windows still exists as an operating system

you have people with the same mentality in charge of things

 

[dat111]

thanks for keeping me skeptical about buying back into FMG

if you don't understand why , go back and look at a map of where Twiggy's Australian mines are located
add in the factor of fine iron impregnated dust ... and ultra fast chargers

If FMG is willing to make a multi-billion-dollar investment for electric equipment, FMG is willing to make a multi-million-dollar investment in enclosures. I am more skeptical that the life-cycle costs of electric over ice is going to be much greater.