Every and Johnson disagreed with SOME of what Rickards was saying, but on many points they both agreed with Rickards views and told him so.
Much of the debate discussion was centered around the dollar losing its reserve currency status by 2030. IMO no one can predict when the dollar will lose that status. That's like me saying I can predict the weather in a certain area 6 years from now, its impossible to do. There are way too many variables that would delay or accelerate that happening. I think its safe to say the dollar's relevance is falling and will continue to do so. It won't lose the reserve status until something is their to replace it and that was the Every/Johnson argument. What can replace the dollar?
I said that about the dollar and our share price because if the dollar ISN't going away in a shorter time frame that gives those holding dollars more selling power when the time comes to sell. I fully expect the FMG share price to be appreciably higher in the next couple years, maybe the dollar won't be totally worthless before then. I'm less sure on when our shares will be to a price that I want to sell mine at.
I'm not sure what's going on with the options thing and how that might relate to the last offering OR maybe what the Company sees coming with a potential share price move higher in the near term? I would think that the Company Insiders want to be fully loaded with shares and options BEFORE a move higher takes place. They know what's going on behind the scenes and to events we're not privy to.
I don't have a problem with them rewarding themselves, but at some point, the lowly shareholders would like to see a move higher too. JMO
