FGE 0.00% 91.5¢ forge group limited

roy hill 'amounts to suicide', page-11

  1. 360 Posts.
    ^^^ I work for one of the big 2 iron ore company's up in the pilbra and can tell you this. Mining services companies this year and perhaps the next couple will be only getting small contracts, due to the belt tightening of capex. If you are heavily invested in any, you should reconsider your position. This has been said by the experts since the end of last year.
    No new mines/projects being built, slide in ore price predicted in 2nd half of year = no good for contractors.
 
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