There is a long way for the share price to fall if either price realisation or benchmark pricing pulls back.
True it does have a long way to fall... but if you bought in @ $1.69 in 2016 come June 14 2019 these shares will be free carried on dividends alone so I am happy to take that chance
... I would also go one step further and say that FMG is in the best financial position it has been in for years so even if for some reason iron ore prices decline / discounts widen, the worlds lowest cost producer of iron ore will be just fine IMO - just sayin'
Iron ore price, page-12757
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Last
$20.32 |
Change
0.295(1.47%) |
Mkt cap ! $62.50B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.35 | $19.90 | $53.48M | 2.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4657 | $20.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.32 | 3033 | 9 |
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| Last trade - 11.06am 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |