Agreed AJ. I think the market is not buying the narrative for the boys. As I referenced earlier, cash piles have been boosted by running down inventories as well as the extra money raised earlier this year.
They talk in circles and technical terms about the high-grading issue, but given the strip ratios are rising from this quarter it's hard to escape the conclusion that they have been mining their best dirt.
Mr Market isn't liking it.
Iron Ore Price, page-4546
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.53 |
Change
0.425(1.92%) |
Mkt cap ! $69.53B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $63.58M | 2.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 7353 | $22.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.53 | 6356 | 30 |
View Market Depth
| Last trade - 15.24pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |