As I posted when I exited FMG, there are no catalyst in sight for a re-rating (up or down).
Making acceptable profits and debt pile has been greatly reduced, but the discounting for lower grade ores is clearly much more persistent that FMG management either appreciated or wanted to believe in.
Likely to stay range bound between $4-5 for the foreseeable future.
Iron ore price, page-6259
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Last
$22.59 |
Change
0.110(0.49%) |
Mkt cap ! $69.55B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.60 | $22.21 | $90.44M | 4.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2064 | $22.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.59 | 197 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |