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 FMG is in an excellent position.
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By: avrm000
24/11/2009
1:53 am Yahoo! Profile:
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I have my predictions and have been
criticized for making them. In Australia we believe in Free Speech.
People can believe or disbelieve what ever they want. |
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By: delerious1982
19/10/2009
2:57 pm Yahoo! Profile:
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Seriously you cannot add messages such as this, ASIC has legislation requiring licencing before investment advice which what you have written is so close to been. You have no way of knowing what will happen in the future.
Personally I think FMG is an excellent business and has been a real success story. They do however have significant risks such as Iron ore prices generally dropping, BHP or RIO under pricing by offsetting the low price with other products in their range. Remember that FMG essentially is a one mine one product company, either go wrong and they are in a lot of trouble. Finally they are based in a major cyclone route that only a couple of years ago had a category 5 that did major damage to the FMG site. |
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By: avrm000
19/10/2009
1:39 am Yahoo! Profile:
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| I believe as part of the potential 5.5 to 6 billion Chinese backed deal, the Chinese were very keen to anchor an increased stake in FMG. Despite the friendships and good will, business is business and FMG have done the right thing not accepting an agreement thats not in FMG's longer term interests. But all parties ofcourse remain open to future negotiations, even if much smaller sums are involved. If the Chinese are smart(as I know they are), they will easily help turn FMG into an Iron Ore economic Powerhouse which will be definitely, equally beneficial to China, as it will FMG. But it all now depends on FMG's desired time frame. Either way - FMG are expanding. |
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By: avrm000
19/10/2009
1:38 am Yahoo! Profile:
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FMG has huge iron ore deposits, and once they increase production as planned, they will be on par with Rio and BHP's iron ore sectors.
Despite taking abit longer; their willing and able to expand without help. Their cashed up nicely and certainly not going anywhere.
In the interest of maintaining their excellent relations with China and their Chinese customers, they have done the right thing morally by China and The CISA and will continue to do so - something that I have no doubt hasn't gone and will not go unnoticed. The 18 odd % stake in FMG by Hunan Valin Steel is an excellent balance that will heavily benefit everyone (accept Rio and BHP). Through Hunan Valin comes all soughts of connections. Just remember, Hunan Valin Steel want their shares to thrive too you know. Another positive is that its looking highly unlikely that FMG will need to resort to equity capital raising. Andrew Forrest himself is dead against equity capital raising as he understandably, doesn't want his shares diluted. Who would ?
Its very clear to see why Rio and BHP are worried about FMG and for some reason they all have a grudge against Andrew Forrest. You can't tell me that certain directors and associates of certain companies (Im not mentioning names here ha) don't take the analysts (who give the stock recommendations) out for lavish lunches etc. Well they can continue to do that until quite literally the cows come home because FMG is in bed with their Chinese "friends" and China is in bed with their friends at FMG.
FMG having sell ratings LOLOLOL.
Remember the lyrics sung by Peter Garrett "Nothings as precious as ??"
China may have large stock piles at the moment(which we all know is a tactic $$), but make no mistake, their hunger for this critical commodity going into the future is only going to accelerate. Its a clear certainty that they need it and its a certainty that FMG has a vast ocean of it - thats guaranteed.
< 2012 -> FMG >$11.00. Mark my words |
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