Something else that seems crystal clear to me is that a few weeks ago, FMG travelling above $25, all that the brokerages and media talking heads could say was how IO was doomed, over supplied, over priced etc...
Once the stock had slipped to low $21's the Credit Suisse's and Morgan Stanley's of this world suddenly changed their minds and issued brokerage notes saying FMG likely to outperform...
Now suddenly there seems to be a case for IO remaining above $165 and "possibly reaching $200 this year".....
It couldn't possibly have been a case of shaking the tree and frightening a few dumb bunnies into selling could it..?
The upcoming dividend is so much better at $21-$22 than above $25.
Iron ore price, page-27823
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Last
$21.55 |
Change
-0.495(2.25%) |
Mkt cap ! $66.87B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.75 | $21.52 | $99.02M | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 376 | $21.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.55 | 5306 | 16 |
View Market Depth
| Last trade - 11.36am 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |