How quickly we forget. It was just a few years ago that the doomsayers were screaming that the amount of oil was finite, we would run out and the price would go to $200 a bbl. Similarly, uranium stocks were going to make billions, PDN in particular was the hottest stock on the boards.
Well today oil is at multi-year lows, and PDN has just been saved by 20% being bought by the Chinese, as the U308 price jumps from 28 to $44 a pound.
I have no idea where the Fe price will be a few months from now, but I do know that nobody knows. The same old arguments of "its different this time" abound. We'll see....
iron ore price, page-492
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Last
$22.56 |
Change
0.640(2.92%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.57 | $22.26 | $42.23M | 1.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4423 | $22.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.56 | 1295 | 6 |
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| Last trade - 11.02am 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |