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i don't hold this stock but I see it went up 10% on Friday following a production report. Other big miners also went up of course but not to this extent.I've viewed FMG as very risky and have stayed away (in fact the only resource stock I hold is MIN).FMG seems to work from a "promise" base and I understand also carries significant debt.However I am now beginning to wonder whether it offers value at a price below $4.Any thoughts from people who follow this company more closely? (I know the iron ore price is a major variable).RegardsRick
i don't hold this stock but I see it went up 10% on Friday following a production report. Other big miners also went up of course but not to this extent.
I've viewed FMG as very risky and have stayed away (in fact the only resource stock I hold is MIN).
FMG seems to work from a "promise" base and I understand also carries significant debt.
However I am now beginning to wonder whether it offers value at a price below $4.
Any thoughts from people who follow this company more closely? (I know the iron ore price is a major variable).
Regards
Rick
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