definitely no shortage when Rio and BHP are expanding by more than what is being taken out of the market. If (and its a big IF) Vale stop shipping to China due to losses and FMG put Cloud Break on C&M we would definitely see a rise in the ore price and most likely enough to see FMG either not have to close CB or be able to re-open it.
As I have stated before I believe that Rio and BHP are actually targeting FMG with these tactics and could possibly make FMG a very tasty target for BHP to expand their infrastructure
Worst case value 70- 92cent, page-50
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Last
$18.23 |
Change
0.255(1.42%) |
Mkt cap ! $55.89B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.32 | $18.06 | $62.56M | 3.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6110 | $18.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.23 | 9431 | 23 |
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| Last trade - 12.48pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |