I'm not sure it's an error. It says in the text that they got 73% of the Platts at the time of contracting. If the time of contracting was weighted towards June when the Platts price was below $60, then that would explain the $37.82 number.
It's unfortunate, but it's in the past anyway. More important is what the IO price does from here. If it stays above $65 it will put upward pressure on the share price as the shorters look to cover IMO. If it drops back to June levels I expect a renewed shorter attack.
News: FMG Fortescue Metals Group says qtrly shipments of iron ore was 44.7 mln tonnes, page-22
-
- There are more pages in this discussion • 11 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
$18.53 |
Change
-1.820(8.94%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.47 | $163.0M | 8.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2077 | $18.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.54 | 27207 | 14 |
View Market Depth
| Last trade - 10.42am 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |