Huge surplus forecast- not in the next couple of years. Even AZS is years away. Also depends on the quality of the product. FMG, BHP ad RIO survived the last big melt down. How many of the smaller ones ceased producing. Survival of the fittest. LTR- most of their product has off take arrangements signed with Tesla, Ford ad Sumitomo. They will be producing later this year. Lots of games being played, as they were with iron ore .Interesting that the likes of GS put out one negative announcement after another all the time buying stock in those same companies. They said the same thing about FMG when they were trading around $4.00. I know because I was buying.
POWER!!!! Fortescue Future Industries, page-3204
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |