Not sure what all the fuss is about regarding fe composition, as it's not new information for the market.
As shareholders/shorters, all we need to focus on is the price and demand for FMG's products. At current market price of IO, FMG is traveling along very nicely. Sure 62% and 65% earn more, but talking about those products is just as irrelevant as talking about gold, as we don't sell it.
The main factor in play for us is: China's demand for IO at 56-58% fe.
Please try to be nice to each other
Iron ore price, page-3055
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Last
$19.93 |
Change
0.385(1.97%) |
Mkt cap ! $61.59B | |||
| Open | High | Low | Value | Volume |
| $19.73 | $20.08 | $19.57 | $70.85M | 3.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3771 | $19.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.93 | 3971 | 20 |
View Market Depth
| Last trade - 14.52pm 21/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |