I think it speaks more to the power of diversification and the pitfalls of single-commodity businesses being slaves to the commodity price than it does anything else.
I know people here don't like to hear it, but makes me wonder if some of that massive FMG dividend money couldn't have been better used to try and diversify into at least one other core commodity (like MIN has done with Lithium).
Iron ore price, page-35524
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$21.71 |
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Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
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