I dont agree !
I think carbon tax , mineral tax and more to come has had a very significant effect on all miners !
ie: negative sentiment !
Look at the typical costs here in Oz compared to other countries.
China has always complained about majors holding all the costs cards in relation to IO ! Havent heard to much about that for a long time !
The implications of the tax alone have slowed everything down let alone the long term affects !
I think ! (FMG) buy in cheap now as it drops and then wait for election and Labour gone with all its crap and then watch the China power and aust companies rise again - maybe ?
the chickens are coming home to roost, page-6
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |