It is very hard to say in today's economic environment that contractors would have the same profitability as they enjoyed during the last 4 to 5 years. Things are changing very fast and that makes things difficult to predict for future direction for FGE.
I will be very cautious about FGE as -Iron price are falling. -AUD staying the same around $0.90 and -Situation in relation shadow banking in China will continue to create serious concerns/storms in future until it is fully addressed/settled. Amount involved in shadow banking is too big to be addressed quickly.
what this means for FGE yet to be figured out. Though they have called extraordinary general meeting I am not sure FGE board would discuss these precarious issues.
FGE Price at posting:
68.0¢ Sentiment: None Disclosure: Held
