I still stick to my prediction of 6.50 by 21 sept.
Io price going down some times good for FMG as a low cost producer. The high cost producers from India and Iran will stop supplying io. FMG supply their quota. The profit margin may be low. When combined with high volume of IO the company makes lot of money.
Good luck.
FMG Technical Analysis, page-83
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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 | $62.11M | 3.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5622 | $18.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.23 | 5785 | 14 |
View Market Depth
| Last trade - 12.42pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |