No I don't. The company has been through many changes and crisis in its short existence. Why would I take profits now when the company is at its strongest point in its existence. It is still is too leveraged for my liking and as previously stated I would have prefrered more debt repayments to dividends. However it's only 12 to 18 months away from getting its gearing right.
Yes it's a one commodity company, that does not worry me, that could change in time too.
I understand you guys short and you have taught me about that style of trading. It is just not my style of trading.
Iron Ore Price, page-10416
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 (20min delay)
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |