MIN down 44% since 22nd May too so the pain most definitely not just FMG. I don't own MIN thankfully, it looks ugly but likely sensational long-term value. Much like FMG which post the dividend i'd expect could drop to $14.00/$15.00 which if you go back to Oct 22 at around the same price was a fabulous buying opportunity. FMG was trading at $23.00 only 3 months later. Helps of course that the IO price rallied back to $126 but it looked pretty dire Oct 22 so there is no reason it can't do the same and rally into the end of the year again.
Iron ore price, page-53874
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |