Australian (ASX) Stock Market Forum

FMG - Fortescue Ltd

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farmerge said:
FMG Fortescue Mining MY No 1 pick for the yearly Comp.
Like all the miners is suffering a downhill slide with it SP, but still paying a dividend, obviously reduced but better than a poke in the eye with a sharp stick.
Still is my favourite miner.
Click to expand...
doing March update for @farmerge .. hard to copy his style, though. Get better soon !

...and protective eyewear may be in order. Its a Brave New World of uncertain China demand and all that. Maybe the half year report wasn't too well received, but 50c a share was paid to holders on 27/03.

YTD:
Screenshot_20250330_103856_CommSec~2.jpg
 
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FMG is still progressing the electrification of its Iron Ore Mining activities

Fortescue proposes 644 MW solar farm for Pilbara iron ore mining operations​


Fortescue Metals Group has submitted a proposal to the Environment Protection Authority for approval of its proposed 644 MW Turner River solar hub near Port Hedland to power iron ore mining operations.

Fortescue proposes 644 MW solar farm for Pilbara iron ore mining operations

Fortescue Metals Group has submitted a proposal to the Environment Protection Authority for approval of its proposed 644 MW Turner River solar hub near Port Hedland to power iron ore mining operations.
www.pv-magazine-australia.com
 
dat111 said:
Another 1K at $9.50USD on 4/3
Another 1K at $8.75 on 4/4
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You're going to be holding for a long time while other stocks go up; the forecast for IO is very poor.

This could even go into takeover territory if they're not careful.

(Disclaimer already Holding)
 
TimeISmoney said:
You're going to be holding for a long time while other stocks go up; the forecast for IO is very poor.

This could even go into takeover territory if they're not careful.

(Disclaimer already Holding)
Click to expand...
that depends there are noises about increased military spending , China is drip-feeding in stimulus ( probably for both war-toys and commercial construction )

take-over ?? but who would buy Glencore could raise the finances , and would the ACCC let BHP or RIO buy , and others would have to appease FIRB

i doubt WES could raise the finance ( nor SGH )

not currently holding , but have a sub $14 ( Australian ) order in the market

would prefer to add to other iron ore minnows i hold , but at the right price ... FMG is welcome as well
 
divs4ever said:
that depends there are noises about increased military spending , China is drip-feeding in stimulus ( probably for both war-toys and commercial construction )

take-over ?? but who would buy Glencore could raise the finances , and would the ACCC let BHP or RIO buy , and others would have to appease FIRB

i doubt WES could raise the finance ( nor SGH )

not currently holding , but have a sub $14 ( Australian ) order in the market

would prefer to add to other iron ore minnows i hold , but at the right price ... FMG is welcome as well
Click to expand...
I'm sure some US or Chinese conglomerate in partnership with an Aussie investor would like to jump on it under $10.

China is going to suffer big time, nothing is going to match the iron ore intake like the building boom they had.

There's lots happening in the net zero section of this company, that's money that seems to be wasted on a personal dream. Companies are idle and survival mode, and they're not going to worry about carbon credits any time soon.

Gold stocks are going to be a better option than IO at this point in time, FMG has been going in reverse on it's own let alone this economic environment, it's just going to add more fuel to the fire. There have been well over 20% gains in gold stocks in 1-month interval, this thing is flat out holding its SP sideways in a month.
 
TimeISmoney said:
I'm sure some US or Chinese conglomerate in partnership with an Aussie investor would like to jump on it under $10.

China is going to suffer big time, nothing is going to match the iron ore intake like the building boom they had.

There's lots happening in the net zero section of this company, that's money that seems to be wasted on a personal dream. Companies are idle and survival mode, and they're not going to worry about carbon credits any time soon.

Gold stocks are going to be a better option than IO at this point in time, FMG has been going in reverse on it's own let alone this economic environment, it's just going to add more fuel to the fire. There have been well over 20% gains in gold stocks in 1-month interval, this thing is flat out holding its SP sideways in a month.
Click to expand...
China needed to pause and consolidate the progress they have already made

a base on the Moon ( a planned desire ) will be little more than PR unless they can use the base productively

can China now build on the success they have already achieved , they are building trading relationships with developing nations that should expand their customer base for the next step forward , now the question is will Australian iron be a building block in that next step forward , if not are we ( Australia/FMG ) cultivating new buyers , Asia , India , PNG , maybe a slice of Africa ( if we start exporting steel again in quantity ).

green/clean steel/iron so we can trade with the EU is a fool's errand , if all those scientists in the EU can't do it cost effectively , why should Australia bust a gut for them , they will find a way to cheat us of profits every time they can ( as they have always done tariffs , duties , carbon credits )

we have heaps of coal , abundant uranium ( but little will to build reactors ) mountains of iron and other minerals and crippled manufacturing .

in fact NST is sitting on a huge ( Maules Creek size ) coal deposit right next to FMG tenements

the question is will an an Australian company wake up and smell the decay or will some international pension fund be the defacto owner of this country ( if one already isn't )

now Twiggy is willing to 'have a go' but seems to have the wrong targets , will he go back to basics .. dig iron and ship it cost-effectively

i would like to take a small bet , he will be bitten by reality , and if a take-over crystallizes a profit for me , then so be it ( i have lost at least 10 good companies to take-overs already , but it is getting rather boring )
 
TimeISmoney said:
I'm sure some US or Chinese conglomerate in partnership with an Aussie investor would like to jump on it under $10.

China is going to suffer big time, nothing is going to match the iron ore intake like the building boom they had.

There's lots happening in the net zero section of this company, that's money that seems to be wasted on a personal dream. Companies are idle and survival mode, and they're not going to worry about carbon credits any time soon.

Gold stocks are going to be a better option than IO at this point in time, FMG has been going in reverse on it's own let alone this economic environment, it's just going to add more fuel to the fire. There have been well over 20% gains in gold stocks in 1-month interval, this thing is flat out holding its SP sideways in a month.
Click to expand...
Not sure why you would say that.
The biggest investments Twiggy is making in net zero are developing solar farms to power electric mining operations. And of course developing and using the electric diggers These have an exceptionally high ROI and will reduce operational costs immediately. RIO is following course as other other miners. It just make excellent financial sense.

The Hydrogen projects are being downsized radically. Not killed yet and there may yet be some decent results. FMG has in interest in a new technology that could produce Hydrogen far more cheaply than electrolysis.

Obviously China's demand for ore is the big question. Interestingly enough the current crash in the Aus Dollar improves our Iron Ore revenue (everything else being equal..)
 
divs4ever said:
China needed to pause and consolidate the progress they have already made

a base on the Moon ( a planned desire ) will be little more than PR unless they can use the base productively

can China now build on the success they have already achieved , they are building trading relationships with developing nations that should expand their customer base for the next step forward , now the question is will Australian iron be a building block in that next step forward , if not are we ( Australia/FMG ) cultivating new buyers , Asia , India , PNG , maybe a slice of Africa ( if we start exporting steel again in quantity ).

green/clean steel/iron so we can trade with the EU is a fool's errand , if all those scientists in the EU can't do it cost effectively , why should Australia bust a gut for them , they will find a way to cheat us of profits every time they can ( as they have always done tariffs , duties , carbon credits )

we have heaps of coal , abundant uranium ( but little will to build reactors ) mountains of iron and other minerals and crippled manufacturing .

in fact NST is sitting on a huge ( Maules Creek size ) coal deposit right next to FMG tenements

the question is will an an Australian company wake up and smell the decay or will some international pension fund be the defacto owner of this country ( if one already isn't )

now Twiggy is willing to 'have a go' but seems to have the wrong targets , will he go back to basics .. dig iron and ship it cost-effectively

i would like to take a small bet , he will be bitten by reality , and if a take-over crystallizes a profit for me , then so be it ( i have lost at least 10 good companies to take-overs already , but it is getting rather boring )
Click to expand...
Don't get me wrong, but I still think China is a strong force, but it will take years to sort their economy out.

Twiggy should have thought a bit harder before pouring so much money into green projects without clear customers. I know he's building on the green industry and has green energy projects in NSW and QLD for the grid but I don't think it's going to yield a lot for the money spent overall if you include the money spent on hydrogen and electric trucks. Put it this way, if it takes off, it's not going to happen overnight.

Europe seems to be going forward with green iron itself, and the plant that was canned in WA seems to be back on again also. With Trump continuing to slam economies, this is the most difficult time for these new startups.

Thyssenkrupp agrees to buy 100,000 tonnes of flat steel from Spanish green hydrogen-based plant

Hydnum Steel plans to invest €1.65bn into the project, which is scheduled to begin operations next year
www.hydrogeninsight.com

Huge green iron project back on track with new land deal for giant electrolyser

A major green iron project has secured land to host its giant electrolyser, and is hoping to get the project up and running before the end of the decade.
reneweconomy.com.au
 
basilio said:
Not sure why you would say that.
The biggest investments Twiggy is making in net zero are developing solar farms to power electric mining operations. And of course developing and using the electric diggers These have an exceptionally high ROI and will reduce operational costs immediately. RIO is following course as other other miners. It just make excellent financial sense.

The Hydrogen projects are being downsized radically. Not killed yet and there may yet be some decent results. FMG has in interest in a new technology that could produce Hydrogen far more cheaply than electrolysis.

Obviously China's demand for ore is the big question. Interestingly enough the current crash in the Aus Dollar improves our Iron Ore revenue (everything else being equal..)
Click to expand...
What profits have the green projects pulled so far, basically zero. Other companies are taking up the space Twiggy should have already been in. Look at Plug Energy in the US, putting out hydrogen electrolysers everywhere while ours become stagnant.

He's putting the company at a large disadvantage with his net zero dream, nobody else is going to care because they're not going to get penalised for not going net zero.
 
TimeISmoney said:
You're going to be holding for a long time while other stocks go up
Click to expand...
This is what's been steadying my eager hand , even at sub $ A 15 No escaping the simple fact , FMG's a one -hit wonder . Just like Woodside with its gas ( mainly )
Chart - wise , it's been a slow grind down and when FMG finally hits bottom , she'll only be going up mighty slowly , too .
You can easily find better volatility in a more diversified digger like BHP or RIO .
 
TimeISmoney said:
What profits have the green projects pulled so far, basically zero. Other companies are taking up the space Twiggy should have already been in. Look at Plug Energy in the US, putting out hydrogen electrolysers everywhere while ours become stagnant.

He's putting the company at a large disadvantage with his net zero dream, nobody else is going to care because they're not going to get penalised for not going net zero.
Click to expand...

Have you read FMG's Energy Transition Plan ? Looked at the ways it interacts with its mining operations in terms of saving money improving efficiency, creating new products ? Not a short read but a sound short/medium/ long term business plan and a visionary approach based on practical applications.

Home

ctp.fortescue.com
 


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