Dont own FMG,but IMO the SP has nothing to do with Chinese demand,plenty of that.More that they are now a producer,still ramping up and in this market hard to value,I mean where are its peers.Cant compare it to RIO or BHP,so who else is there?.Add to that some shorting and hey presto,this is where its at.
china to spur demand, page-12
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Last
$21.96 |
Change
-0.455(2.03%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.19 | $21.93 | $23.17M | 1.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5228 | $21.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.96 | 2521 | 11 |
View Market Depth
| Last trade - 10.40am 08/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |