BHP, RIO and FMG all down similar %’s today … this isn’t specific to FMG … cycles are called so for a reason … and it’s painful at times.
Not the right thread for this comment, but it’s brief … I don’t think FMG are exiting FFI business at all … imo it is more likely they are being conservatively preemptive ahead of the US election, with the tough decisions being made whilst Trump seemed in ascendency … now there is a contest and the Dems have a real chance, the all important (to FMG’s FFI businesses) Inflation Reduction Act may survive intact.
Dex
Iron ore price, page-53749
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B | |||
| Open | High | Low | Value | Volume |
| $18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4600 | $17.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 396 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |