You ask Baukaw for share advice? Obvious you haven‘t been around last 5 months, hehe, whatever he said the opposite turned up a few days later.
$6.43 price is ok if you hold at least until half yearly, probably even shorter. RIO is reporting next Wednesday, and whatever RIO‘s return is, just add 1% for FMG and you will see SP start rising again.
China will keep GDP at 6.5%+ and they need infrastrure spending going for another 4 years minimum. Just think you will have another 4 years of 2016. US$4B+ cash flow per year with MC of A$21B?
Don‘t worry about SP ST, think of this way, every FMG share you own, it‘s making 0.1% of your SP in cash flow EVERY DAY. There is no other company can do that ATM.
DYOR.
Frank.
Iron Ore Price, page-18065
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |