Lads. I value fmg North of $30 you will see if you look at my other posts. However you are kidding yourself if you think it cannot drop to $15. If iron ore prices drop then sentiment will drop. Fmg could easily see $15.
Iron ore is a highly cyclical commodity and sentiment goes up and down like a yo yo. Lower share prices are a realistic possibility short to medium term. It's important to be realistic and some of the posts here are not.
Iron ore price, page-35055
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Last
$20.40 |
Change
-0.075(0.37%) |
Mkt cap ! $62.85B | |||
| Open | High | Low | Value | Volume |
| $20.20 | $20.54 | $20.16 | $116.1M | 5.699M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3943 | $20.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.40 | 19034 | 55 |
View Market Depth
| Last trade - 14.42pm 16/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |