Agree investor450, the Fe price is only going to hold at worst & trend up to the $130's in the first quarter (from past annualised trends). The shorters will be scrambling because fundamental change has occurred in FMG from a funding, cost and resource viewpoint, so IMHO this will move back towards or just over $6 within the next couple of months. I strongly suspect production will again ramp up to the previously forecast 155mt.
iron ore up again, page-28
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Last
$22.67 |
Change
0.750(3.42%) |
Mkt cap ! $69.55B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $108.4M | 4.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 752 | $24.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.54 | 78872 | 5 |
View Market Depth
| Last trade - 15.59pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |