I'm pretty sure that the drop in oil price has no affect in the bottom line. FMG, being a high end consumer of oil (the same as airlines) would hedge the price of fuel to a predetermined cost to avoid these fluctuations.
They certainly don't watch an app like a motorist and rock up with a 4c shopper docket.
Iron ore price, page-20273
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |