New to this forum,
been day trading for approx. 3 years, if u look at the past charts of alot of the miners you could easily see that FMG could easily hit $14,i hope my past experience of not taking profits i.e rio is not the same pattern i will have again but hoping i get it right this time
does anyone have anymore details on today's news that some chinese mob is keen to buy 15%+ in fmg
Thanks
Nick--
Dear Zaf39
Welcome to this forum
It would be useful not to see your post as ramping FMG price please show your chart and the trend to justify your prediction for FMG to rise $14. Understanding you are new to the forum but please check the rules of posting at this forum
YOu would notice there are many learned chartists who always support their predictions with chart. Do not feel shy and give it a go
Good Morning Traders,
I was talking about the possibility of FMG reaching $14, when you compare the charts with ZFX, WSA etc. etc.
What are other peoples views on the possibility of FMG reaching $14?
Have a good trading day
--Zaf39
yeah apparently I read FMG are trying to track down a big broker that said at the beginning a few years back that he would be willing to be tied up on the train track in May because there was no chance that FMG would be doing anything.
would be mad to be selling now IMO, even if they don't make the deadline, the whole company isn't going to crumble because of a missed date!
skys the limit now with FMG,
skeptics gone into hiding and are now having a dig at FMG meeting its 250mt ramp up lol *shakes head*
twiggy proven them wrong the whole way through.. he's the one laughing with the billions
caus he has 36% stake, that protects from a takeover too
pitty the aussie instos didn't get on board
china know they are on a good thing - thats why 3 companies want in!!
wait for earnings and dividends - just another reason for it to go up further!!
I agree Reece.
On a fundamental, on paper, basis anything over about $6.50 seems overpriced. Hence why is said a while back when it dropped, it may represent an opportunity.
Im not saying this wont go up on hype, greed, sentiment etc etc, but those buying NOW for fundamentals are pushing their luck imo
Well, your persistence seems to have paid off agro here, but don't speak to soon..... life changes when production occurs.
I'm goin to stick my neck out and reiterate that this stocks valuation way way exceeds it on paper value at the moment. There is soooo much hype in this mother of a Company, does anyone actually think it is going to deliver on it's promises?
I still think ramping up to 200 MTPA is going to be an extremely tough ask in 3 - 5 years. And even if they can scale up to 100 MPTA by year 5, the stocks intrinsic value is only about $6.00 at best case.....
Overrated IMO, great for trading, but investing at this point would be ludicrous.... Just my, I am sure you would disagree there agro....
Cheers
I agree Reece.
On a fundamental, on paper, basis anything over about $6.50 seems overpriced. Hence why is said a while back when it dropped, it may represent an opportunity.
Im not saying this wont go up on hype, greed, sentiment etc etc, but those buying NOW for fundamentals are pushing their luck imo
the chinese and russians don't seem to think so...
its only the australian public - thats interesting...
Perhaps the Chinese and Russians are more interested in securing thier future commodity needs, rather than fundamentals (ie- current price)
rather hold than be on the side lines lol especially in a milestone event within the history of mining in Australia
As I have said before the only time I would buy, is if I see fundamental value, which is around $6 for me, but preferably below.
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