Bizarre messianic speech from billionaire Andrew Forrest: The hidden deadly (non) threat of Lethal Humidity

Andrew Forrest speaks in Perth

Andrew Forrest speaks of the deaths of millions coming soon…

By Jo Nova

The cult doomer prophesy upgrades to Billionaire Class. Put this man out of his misery.

Andrew Forrest, Executive Chairman of a $60 billion company made a bizarre speech a few days ago. This is a business presentation with the words like “vomit”, “stampede” and “seizures”, and pictures of skeletons in the desert. The big secret threat, he said, that scientists are not saying “is lethal humidity”. He really believes it. Here’s a man in command of the tenth largest company in Australia with a $33 billion dollar bank account, but not the judgment to get an advisor who can explain the difference between specific and relative humidity. He doesn’t realize that trends are rising in one, but falling in the other, and the modelers were wrong (again). He just had to pick up the phone and call the Met Office, or the CSIRO. They would have loved to talk to him. Even the IPCC experts could have saved him from this embarrassment.

“Lethal Humidity will be the next global pandemic” he prophecies.

“It is business that will kill your children,” he says blaming and demonizing the corporate world that made him rich.  “It is the beginning of the end”.

The message for Fortescue shareholders, is run, don’t walk. He is setting up your company to “lead the way” on a sacred mission to save humanity. He hasn’t done his homework, and worse, must have surrounded himself with people telling him what he wants to hear.

Look at the slides to see how far over the waterfall this is — they’re laid out like a book of one liner horrors for eight year olds:

“You’re going to cook pretty quickly”.

“At just 35C with high humidity you can die in six hours”

“We do not have the human evolution to survive it”

There’s no cure.

Forrest runs away with stories of acute emergency care for hyperthermia, labeled with “Harvard Medical School” because, science, yeah…

Your blood is drained cool and put back in your body...

We may have to drain the blood…

But he’s panicking about relative humidity and it’s not rising, it’s falling…

The fatalistic 35 degree death rate that Forrest is so afraid of, happens only “with 100 percent humidity” —  it refers to relative humidity, not specific humidity which is measured in grams per kilogram, not percentages, and relative humidity is falling. So “climate change” such as it is, might reduce the rate of lethal humidity.

The Humidity Paradox

Forrest claims that for every degree the world gets warmer we will get a 7% rise in humidity. This is standard bucket chemistry — like a SciFi novel written by a precocious 12 year old.  It comes from the  Clausius-Clapeyron equation, which works well in the lab but is cruelly being thwarted by slowing wind speeds or ocean currents leaving modelers scratching their heads. Even the IPCC agrees. Surface relative humidity is falling. Perplexed modelers call this “the humidity paradox” which sounds so much better than “we were wrong”, but that’s what it means. Temperature is important for evaporation, but as anyone who has hung washing on the line knows — wind speed will make or break your day and ultimately the models can’t predict future wind speeds. The dreaded “Global Stilling” was a thing right up until “Global windiness” suddenly became a great opportunity for wind farms. At one point, modelers split their bets saying the northern hemisphere winds would slow while the southern hemisphere would speed up. Confused? Join the IPCC.

Dr Kate Willett explains how the models were wrong and they don’t know why:

In theory, if there are no limiting factors, then this [7% per degree] is the rate of increase we would expect to see. However,   … this new dataset shows that relative humidity has actually decreased over many regions of the oceans. … This decrease is difficult to explain given our current physical understanding of humidity and evaporation. For example, the expectation from climate models is that ocean relative humidity should remain fairly constant or increase slightly.

The decrease in relative humidity over land is really interesting. We do not see the same decrease in historical reconstructions from climate models…

Specific humidity is rising as the world warms (compared to 1981).  A warmer world is a “wetter world.”

Specific Humidity Trend UK Met Office

But relative humidity is falling, which the models didn’t expect. Warmer air can hold more water vapor, and apparently the air is warming faster than the extra water vapor is leaping into the sky. With lower relative humidity the air has a little more capacity to cool mammals than it did 40 years ago.

Relative Humidity Trend UK Met Office

 

Andrew Forrest must have surrounded himself with people who only agree with him. There would be scores of people at Fortescue Metals who could explain the flaws to him, save him from wasting billions of dollars, and from great public embarrassment, but presumably they are all too afraid to say anything. He does keep sacking top executives, after all.

His beliefs are launched on a list of something like 60 peer reviewed papers. He quotes these papers like a kid with a chemistry set. The key words are there, but he doesn’t understand what they mean.

 

….

Most other chairmen talk about the climate but they don’t believe it.

Fortescue Metals Group is worth $60 Billion AUD. This ought to scare any investor.

h/t Raven, and Turtle.

 

9.9 out of 10 based on 95 ratings

95 comments to Bizarre messianic speech from billionaire Andrew Forrest: The hidden deadly (non) threat of Lethal Humidity

  • #
    David Maddison

    This is related to the Left’s war against Judeo-Christian religious beliefs.

    People start inventing their own religions, mostly related to worship or reverence for Gaia.

    332

    • #
      Geoff

      Its all an act to get free money from Federal Governments. All these “projects” are not initially viable because the capex is uneconomic and the opex must be initially subsidized.

      If you get free windmills and solar panels, free connections to the grid and a hydrogen production subsidy like the EU (A$7.50./kg) then the renewable H2 you own is valuable.

      Like any new technology eg look at the history of electricity, its not viable for at least 30 years from its beginning. Government prints money, inflates assets and gets uneconomic experiments installed by rent seekers who hire boffins with “crazy” ideas no-one else would risk their capital on.

      The cost of making hydrogen will fall to below 10kwhrs/kg for paid energy used. This already works in the lab. The process is endothermic.

      Then someone will invent a new liquid fuel to take on petrol that consists of only hydrogen and oxygen. No emissions. You can kiss your EVs goodbye at this point. Several parties are close to this now.

      So Andrew Forrest is crazy like a fox. Too bad if you are a supplier. He wants it for free.

      231

  • #
    Serge Wright

    I tend to think he’s in panic mode regarding his large high risk investments in green hydrogen, that now look set to take him down with a hard landing and he’s trying to scare the public to drum up investment, including donations from government. His predicament reminds me of an old saying – “If a tree falls in the forest and no one sees it, did it really fall?”. However, we should now add, “And, if a Forrest falls in broad daylight will anyone care ?”.

    601

    • #
      David Maddison

      Get woke, go broke.

      I just hope the taxpayers aren’t expected to bail him out.

      431

      • #
        Kalm Keith

        Didn’t “we” the taxpayers fork out previously for investigative “work” and assessments for other projects?
        I think so.
        Our tax dollars are thrown to the Sun and Wind.

        250

        • #

          He may be in “panic mode” but the difference with him and other Chairmen is he’s avoiding carbon offsets, trying to actually be NetZero (Real Zero) — like it matters.

          He is speaking himself up here, convincing himself he is doing the right thing, and “going first” — Look at other Chairmen like the ones in Shell, Exxon, etc, they are cutting their losses. Quietly winding back their carbon capture programs and boosting their gas exploration.

          At one point he drops in a little aside suggesting he thinks he’s being carefully scientific. He’s talking about the 35C “death in six hours”. It’s quite telling that he thinks he’s “being careful” by saying 6 hours. He seems to believe it’s only 15 minutes to death. This is a man with no scientific training, who doesn’t understand relative humidity.

          His speech is messiah-like — as if he’s put on this Earth to do something. I would be quite scared if I were an investor. Listen closely to what he says, he’s willing to sacrifice profits.

          201

          • #
            mareeS

            Jo, I have close personal experience of bi-polar disorder over a long period, and I have learned a great deal about it through observation, investigation and conversations with professional people supporting my loved one, not to mention sheer endurance.

            This behaviour has aspects familiar to me as a mind in a manic phase. A person in such a condition can do a great deal of damage, unwittingly, if they can’t be brought down out of that phase.

            Box of chocolates sent to you for being so forthright with this column.

            190

          • #

            Jo, you probable know that normal body temperature is 37C. The fahrenheit scale was meant to ne set at normal body of 100F. The range is about 36 to 38C. You will not die with 35C and 100% relative humidity as you will still cool. With a temperature of 38C or 100.4F you are likely to have a fever but that it self will not kill you over several days. Forrest is a fool who can not look up how to measure temperature or humidity. Those going into a sauna will know about dry heat and heat in humid conditions. Maybe Forrest needs to know about sweating.

            20

      • #
        Serge Wright

        Let’s hope taxpayers don’t have to foot that bill. His mate, “Loose” Cannon-Brooks is also pushing forward on that crazy Sun Cable that is another big taxpayer black hole. With our dollar falling, interest rates high and supply chain costs still high, those projects become less profitable every day and raising capital becomes even more of a challenge. For Twiggy to go on such a a crazy rant means things must be very dire, or close to terminal.

        290

  • #
    Neville

    Good points Jo and thanks again for your reliance on the data.
    But how many people will have the guts to call out this silly bloke?
    BTW Andrew Bolt couldn’t believe his strange rant and also talked about some of the senior executives leaving the company.
    It seems that so many people today have a secret supply of some sort of stupid pill and have abandoned plain common sense.

    450

  • #
    Mike Borgelt

    Not silly. Just propaganda to cover naked self interest. Ignorant of science, yes. Not CEO material.
    He may be realising that he’s made some very stupid large bets. If I had Fortescue shares I’d sell when the market opens today.
    Stock up on popcorn. His worldview hasn’t been congruent with reality for quite a while.

    330

    • #
      Steve of Cornubia

      His presentation was around one week ago and, while the stock price is trending downwards, there has been no significant sell-off. I think institutional shareholders know he’s selling a pack of fibs but if there’s money in it and they don’t see big risks, they will continue to back him.

      But what might change their minds is the REACTION to his ridiculous presentation, so we might see an acceleration in sell-offs soon, a sort of ‘delayed reaction’. It wouldn’t take much; those big investors watch each other like hawks.

      100

    • #
      Mike Jonas

      FMG (Twiggy Forrest’s company, Fortescue) is down 2% today. Down nearly 8% over the last 3 trading days. It looks like a reality check is happening, but is it caused by Twiggy’s comments or by concerns about China’s economy and hence the price of iron ore?

      90

      • #
        Steve of Cornubia

        That just looks like continuing a trend that preceded this ridiculous speech, more likely due to Fortescue’s ongoing toubles, not least of which is the stream of senior executives bolting for the exit. I have always held that one should be wary of any business that loses its CFO especially.

        110

        • #
          robert rosicka

          Spent 9 days near Darwin not long ago with high temps and high humidity where we were , free camping on a beach and somehow we survived , actually I love the heat and humidity so bring it on . Interesting footnote was when we where there the locals are wearing winter clothes and every servo we went to sells firewood in bags .

          51

  • #
    Pat

    He is the current laughingstock of Western Australia

    250

    • #
      Penguinite

      Worse still! There’s no voltage in his current! It seems to have evaporated. Just like his senior staff whom he now accuses of sabotage. Paranoia writ large.

      210

  • #
    Kalm Keith

    Serge has nailed it at #2.

    He’s building the panic to help the federal government justify their next Big splurge of taxpayers dollars on finding a solution to this new crisis.

    btw when it gets to 100% RH won’t we have mist, fog, rain and hail to help de-humidity the ‘vironment?

    300

  • #
    KP

    The solution to the next big crisis is obviously for Govt to pay for hydrogen production from humidity and sequester it underground, releasing oxygen to the atmosphere.

    Apply to Fortescue for details, plans only awaiting Govt payouts…

    330

    • #
      Sambar

      Can’t release oxygen to the atmosphere KP, Like so many other things in life, to much oxygen just aint good for ya. Symptoms of oxygen toxicity
      Pulmonary and central nervous system symptoms can include:

      Coughing

      Mild throat irritation

      Chest pain

      Trouble breathing

      Muscle twitching in face and hands

      Dizziness

      Blurred vision

      Nausea

      A feeling of unease

      Confusion

      Convulsions (seizure)
      And of course DEATH.
      Like the need for CO2 for life to survive, Oxygen that other VITAL gas is toxic in large amounts

      60

  • #
    Ross

    I made this comment the other day regarding the “leaders” of the Australian Cattle Industry who think we should be doing more about global warming because ” the rest of the world are’. I repeat, the higher you get up in an organisation the more likely you are to be brainwashed by the climate scam. Plus old Twiggy wants to harvest some green hydrogen subsidies as well. Next he will be stroking a white cat.

    260

  • #
    Gary S

    Twiggy needs to spend a weekend in Singapore.

    170

  • #
    David Maddison

    At least he’s innovative.

    I haven’t previously heard scary stories about “lethal humidity”.

    Is that like you get in Swedish saunas, tropical rainforests or other tropical areas, or indeed, while having a shower?

    310

  • #
    Ronin

    Whatever Twiggy has been smoking, I don’t want any.

    180

  • #
    Turtle

    The irony is that burning hydrogen adds water vapour to the atmosphere.

    180

  • #
    Uber

    He’s just pushing his rent-seeking business strategy. He has to give politicians and bureaucrats an excuse to fund him.

    140

  • #
  • #
    Penguinite

    Forrest wants to use solar/wind to generate sufficient/vast amounts of electricity to convert the atmosphere into hydrogen via electrolysis, which involves running a high electric current through water to separate hydrogen and oxygen atoms. Hydrogen is expensive, dangerous and volatile making it difficult to harness, contain and distribute. Talk about the king having no clothes! Even his (ex) wife seems to have realised her half of the billions was in jeopardy!

    160

  • #
    Mike Borgelt

    Hydrogen is expensive, dangerous and volatile making it difficult to harness, contain and distribute

    Best stored, distributed and used by binding the atoms to little nano chains of carbon atoms.:-)

    190

  • #
    Richard C (NZ)

    Slide >”Large parts of China, the USA and India are warming faster than the global average”

    Also:

    Africa, North Pole, Australia, Kuwait, Antarctica, Tibet, Europe, Sundarbans, Mars, Spain, Arctic, Lake Superior, Himalayas, Korean Peninsula.

    But we may have a reprieve downunder:

    GFS T2m anomaly

    Due to a catastrophic backup failure during Server relocation, no updates in the foreseeable future! Apologies!

    http://karstenhaustein.com/climate

    The SH is locked in a negative 0.2 anomaly, perhaps forever.

    50

  • #
    aspnaz

    Sounds like someone doing his bit to earn that huge government grant; got to persuade the money Marxists that you are totally on board and willing to fake the science for the team. If the money people in government do not believe you are totally committed, you will not be considered one of them, not ideologically reliable, not suitable for those billions in grants.

    90

    • #
      el+gordo

      Forget the grant money, Twiggy is out on a limb.

      ‘The premature resignation of one high-ranking employee at a $66bn ASX-listed company in any given week could be considered unfortunate. When three leave in less than a week, it rattles investors, raises concerns from governance groups and shows all may not be well at the Andrew “Twiggy” Forrest-led miner Fortescue.’ (Guardian)

      140

  • #
    Strop

    Pity his relative humility wasn’t closer to 100%.

    Obviously some of his executives don’t want this on their CV and have made as a graceful an exit as possible while they still can.
    I’m probably underselling their business integrity and diligence to doing the best for shareholders.

    Here’s a man in command of the tenth largest company in Australia with a $33 billion dollar bank account

    I believe that bank account figure is much lower since Nicola Forrest took her share and is rumoured to out rank him in wealth value.

    80

    • #
      Penguinite

      Wealth seniority only because she sold her shares in The Metals Group before the Titanic event

      60

      • #
        Strop

        AFR July 13

        Andrew Forrest has gone from Australia’s richest man to its eighth, after his split with wife Nicola and donations to the family charitable foundation reduced his paper wealth by 60 per cent within a month.

        Nicola Forrest has entered the Rich List for the first time ranked eighth overall, and third-richest woman, with a $14.6 billion fortune. Her estranged husband is 10th with $13.5 billion.

        As recently as May’s Financial Review Rich List, the “Andrew Forrest” entry was second at $33.3 billion. Nicola’s name has not previously featured, under List rules which restrict the names in entries to those with a direct role in having built the fortune.

        30

  • #
    yarpos

    Maslow strikes again. The only way these guys like Twiggy and Cannon Brookes can feel good about themselves, now that everything else is covered, is to appear virtuous by saving us all from their imaginary boogie man.

    140

  • #
    Jay Jade

    “We do not have the human evolution to survive it”.

    Yet another example of greedy men telling fear generating lies upon lies for their own narcissistic gain.

    80

  • #
    Honk R Smith

    An impending threat of rising humility would be good about now.

    190

  • #
    Alice+Thermopolis

    Perhaps Dr Forrest’s “bizarre messianic speech” can be explained by the fact he believes in miracles, as did some of the folk who invested in his iron ore company two decades ago.

    The Miracle of Minderoo – aka Forrest’s Kawasaki Moment – was revealed publicly in a speech he gave to the WA Pastoralists & Graziers Association in September 2012: “One of the reasons I became a Christian.”

    Forrest “found God” in sand-hills on his family’s Pilbara sheep station as a nine-year-old. While riding his trail-bike one afternoon some distance from Minderoo homestead, on a whim he threw the bike’s keys over his shoulder to see if he could find them.

    According to Andrew Burrell, his (unauthorised) biographer:

    “as he now relates the story, he couldn’t find the keys despite several hours of frantic searching and was preparing to brave the elements as sunset approached. As a last resort, he decided to pray. Miraculously, they turned up right in front of his eyes (page 242, Twiggy).”

    Reference: https://quadrant.org.au/opinion/qed/2014/04/miracle-business/

    110

  • #
    Alice+Thermopolis

    Perhaps Dr Forrest’s “bizarre messianic speech” can be explained by the fact he also believes in miracles, as did some of the folk who invested in his iron ore company two decades ago.’

    [Duplicate]

    60

    • #
      Steve of Cornubia

      Some of history’s worst busybodies were those conceited enough to believe that, among billions of humans, God took the time to seek just them out. I mean, if you have such an inflated opinion of yourself, how else could you be?

      60

    • #
      yarpos

      Perhaps Twiggy could turn his attentions to more serious matters like childhood cancers, rather than putzing around with keys if he reckons he has a call on divine help. He’s starting to sound like Joe Biden with his little homilies.

      20

  • #

    How bizarre. The Dr needs to see a medical Dr asap.

    50

  • #
    Alice+Thermopolis

    [Duplicate]

    50

    • #
      Ronin

      “While riding his trail-bike one afternoon some distance from Minderoo homestead, on a whim he threw the bike’s keys over his shoulder to see if he could find them.”

      So the moron has been at this for a while.

      110

  • #

    Aloha! I will bet anything that his daughter, Grace, is in on this. Take a look at the link below. How else do you get to meet the Pope? Grace has only one viable project and that is her WALK FREE modern slavery website. Andrew needs to stick to that and give up the climate clap trap and save Fortesque! Leave it to better liars like Al Gore and Klaus Schwab. We can do something about slavery and ANdrew’s influence and money can go a lot further in that arena. He won’t need any “pretend science” to address ccp slavery and genocide!

    PERTH NOW LINK: https://www.perthnow.com.au/lifestyle/stm/grace-forrests-fight-for-a-better-world-ng-b881030667z

    50

  • #
    Sean McHugh

    He always struck me as a twit. Now it’s official.

    80

  • #
    Philip

    “It’s science !!”

    “Yeah, but…..”

    50

  • #
    Penguinite

    And he’s dumb enough to believe the Chinese interpreter is accurately converting his words and slides!

    60

  • #

    Twiggy got his doctorate through the faculty of Bioscience at UWA. One would think that his professor would have checked first that he understood some basic Biology.
    When I did Biology at school I learnt in the first week what a wonderful element is Carbon and in particular its natural compound Carbon Dioxide. And that has given me the understanding that all this climate hysteria is nonsense.

    120

  • #
    Philip

    To claim science is straight forward and infallible, is a flaw I see lots of people make. Understandable perhaps when you live in age surrounded by scientific advancements, and a denouncement of the mystical.

    I always try and explain, yes science is fantastic of course, but in a scientific paper there’s a section called Discussion, at the end, where it’s up to the human mind to decipher the data and the results to see what they mean, and this is where error often occurs, science is not all 2 plus 2 equals.

    For climate, I always say quickly, that a lot of hard core scientists disagree with those scientists, so how are you, without a scientific education or knowledge, going to determine which one is correct? I’ve had a few rare cases of success with that one. It’s the one that made me wake up.

    50

  • #
    Simon Thompson ᵐᵇ ᵇˢ

    Whatever you do, don’t tell him every breath you take is warmed to body temp (37) and 100% saturation (humidity)- the fundamentals of metabolism are that food is broken down to mainly CO2(swoon) and H2O (shock). According to these folks, the problem is other people drawing breath.

    100

  • #
    R.B.

    It’s like attribution of floods on Climate Change© by just quoting the Clausius-Clapeyron equation. It’s only relevant for 100% relative humidity, so it’s proof of nothing. It has a role in modelling rainfall, but mostly how much rain will fall after it cools, ie an overly simplistic approach is it cools 1 degree less so there should be 7% less rain rather than more.

    And with humans, we experience close to 100% humidity at temperatures less than 37°C. The CC equation does not explain why the future climate will lead to hotter temperatures at 100% humidity.

    20

  • #
    Zigmaster

    The other thing to consider is overall maybe the world hasn’t actually been warming. When you take into account homogenisation, UHI, selective use of data. Huge areas of the globe which have no temperature readings but are derived from elsewhere. Inaccuracy of temperatures over the ocean which is 80% of the worlds temperature. I’ve always suspected that the claimed level of warming over the last 100 years is within the margin of error and we know factually that the world was cooling to such an extent that scientists were predicting a new ice age.
    When data is corrupted say are theories and hypotheses based on it

    80

  • #
    Mr.Nobody

    Its scary how much scare-mongering can be put into a short presentation, but I think the suggestion its business strategy is probably right. I mean, he didn’t get that rich from being dumb, right? Although he might make himself poor with this amount of stoopid.

    20

    • #
      Choroin

      Actually, he was mostly lucky. He gambled that the China boom would continue and it exceeded even his wildest imaginations. He bought into the substandard iron ore market segment which is/was only profitable because of the China boom while it was a sellers market. He came close to ruination just after the 2008 GFC as China’s demand waned, but it came back online just in time to save his gamble.

      He’s got balls, but no brains.

      10

  • #
    Bruce

    Given what Ice Ages REALLY do to the planet, a bit of warming and the associated higher precipitation rates seems like a good idea.

    90

  • #
    Mr.Nobody

    I might missing something here, but wouldn’t people just be able to stand in front of fan to provide the required cooling?

    20

    • #
      Choroin

      Not at 100% relative humidity, because no sweat could evaporate and thus no increased transfer of heat from the evaporation would be possible. The evaporative cooling effect is what allows the human body to exist and maintain core temperature at/below 37 degrees C in ambient air temperatures higher than this. Increased airflow alone when temp is above 37 degrees C doesn’t help cool a person and would increase their body temperature, but only if relative humidity was at or very close to 100% – when evaporation ceases.

      40

    • #
      Annie

      I once tried to sit outside in the evening in Dubai in high summer. The temperature was well into the 40s and it was very humid so we tried a fan. Frankly, it was useless. It was like sitting in front of a fan-forced oven. Retreat into the A/C inside was my preferred option. Other people were hardier!

      30

  • #
    KP

    “He just had to pick up the phone and call the Met Office, or the CSIRO. ”

    “Dr Forrest has a PhD in Marine Ecology from the University of Western Australia, ”

    Surely he covered this somewhere in his PhD?? or is the UWA really so abysmal?

    90

    • #
      Choroin

      You get a PhD now in ecology by writing parables and sermons and presenting them as novel, groundbreaking studies into ‘what utopia should look like and why stingrays will thank us all when they finally learn to speak English, once global warming falls and they’re finally allowed to evolve’.

      Aussie Uni’s are a joke. I can confirm after having recently received a degree (needed it for certification reasons to work in a certain profession). The amount of UN and eco-clap-trap niserted into the curricula now is obscene and obstructs the ability to spend more time studying topics of consequence.

      40

  • #
    Billy Bob Hall

    Malcolm Turnbull – a director of Fortescue Future Industries too.
    It all adds up now.

    121

  • #
    Mike Borgelt

    That’s Malcolm “the laws of Australia override the laws of mathematics” Turnbull. Yes, it all adds up.

    60

  • #
    ExWarmist

    Regarding, “Perplexed modelers call this “the humidity paradox” which sounds so much better than “we were wrong”, but that’s what it means. “

    Is this a positive feedback vs negative feedback effect, where the modelers were expecting a positive feedback loop?

    Thanks to anyone who can explain this?

    10

  • #
    Bones

    35C with high humidity and you DIE,what do they feed this clown.The last time I was in QLD it was 39C and 98% humidity,then we had a thunder storm and it got worse.I didn’t need an undertaker and that was 12years ago.

    50

  • #
    Ed Zuiderwijk

    It Is his ‘How Dare You’ moment. Exceedingly funny but nobody there laughs or dares laughing. The bloke hasn’t a clue, but the funny part is that he is glaringly unaware of it and neither is his audience.

    Excellent theatre.

    30

  • #
    Old Goat

    Twiggy is a ruthless business man who knows that if you follow the “science” it will lead you to the money . He will do anything for a piece of the action . He is not stupid and knows its all bollocks. Swamp creature .

    30

    • #
      Choroin

      I wouldn’t say Fortescue Energy (Formerly FFI), his new ‘green’, ‘diversification’ strategy, is delivering any money. It makes no revenue and currently eats ~4% of group EBITDA and is getting completely out of control. It will be eating ~10% within a year at the rate Twiggy’s pet projects are being piled on.

      Add to this that Fortescue’s ore grades are well below Rio Tinto and BHP going into a China construction slow down, and his price discounting which is already out of control (88% the revenue of competitors on every MT sold and rising), will need to increase to keep boats moving …. Twiggy’s goose is cooked, imo.

      Twiggy’s entire business model (without the albatross around its neck) was a product of the China boom, and he’ll be the one sitting on low ROI assets once it falters compared with rivals.

      61

  • #
    Choroin

    But the guy is a ‘Dr’, he’s Order of Australia, and he’s buddy-buddy with Heir Schwab at the WEF, so he gets the podium and we plebs shall sit and wonder at his beneficence.

    I’ve followed FMG for a decade and the company is a basket case because of this guy’s Messiah complex. They’ve lost 10 top executives in the last three years and Moody’s have labelled them credit negative. The worst part of it is that Twiggy doesn’t need to fire execs anymore, most are leaving on their own volition, and that’s how corporations (and investors) know they’re staring into a dark crater.

    81

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  • #
    Steve

    accumulated wealth and IQ are inversely proportional …

    20

  • #
    PeterPetrum

    Less that twenty years ago, when my wife and I were in our mid 60’s we worked outdoors for two weeks in Chennai in temperatures over 40°C and humidity God knows what, training fumigators to fumigate exports to Aussie standards. It was not pleasant, admittedly, but we soft “whiteys” managed just as well as the locals. Must say, though, that first beer at 5:00pm was nectar.

    I don’t know what Twiggy is talking about, but clearly neither does he.

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    melbourne+resident

    I used to respect Twiggy Forrest when in 2009 he arrived to help out our community after the devastation of the bushfires. Our local committee was greatly assisted by his philanthropy (maybe it was really his wifes?) when he transfered a number of his temporary accommodation buildings across the Nullarbor to give our residents somewhere to live in the immediate aftermath of the fires. Unfortunately not only does he think he found God in the Pilbarra – but it seems now he thinks he is God. Either that or there is something else going on in his brain that may be the first sign of senility. Its a real shame – the bigger they are – the harder they fall.

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