Rather than buy and hold, range trading with FMG is way more profitable.
This year's production 170 Mtpa, Capex and FX differentials are the key variables in the profit model.
If we have lower production or overrun on capex or appreciating AUD then share price may come under pressure.
I really don't consider MOU as a catalyst.
Iron ore price, page-24954
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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 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |