Because FMG don't receive the 58% price. They receive a price based on a discount off the 62% price.
So it's nothing to do with pumping or down ramping, and all to do with relevance.
the discount is often unknown until quarterly reports, so the 58% price has relevance too, but that is more as a guide than anything.
Iron ore price, page-43683
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| FMG (ASX) Chart |