Hey Barkston,
Not scared of shorts, when you first came on here if I remember correctly we spoke about supply and your thinking of price heading down due to supply and margins being too high.
If price does go down to 40 or below what happens? What happens to higher cost supply? FMG will not go broke at 40. If higher cost supply comes off, what happens? Price heads back up right? What is your fair value for FMG?
I think I asked you these things back then but your lines remain the same. Roy hill... vale... supply, supply, long term average margins.
Unless demand drops right off, I can not see your case.
Ps if you hate it on this thread... leave.
Iron Ore Price, page-10952
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |