There we go again... slow growth... Stimulus = Building = more steel needed
Economic "crisis" which in fact a wealth transfer to the elites.. but tout as decline growth... after the elites got their money, they will " inform" their political friends.. time to do stimulus... else there will be a "hole" in the system.... you must use future money = Debt to fill that hole...
What do gov around the world do? Stimulus = more building = more steel needed... and for Australia?
Economic miracle.. because we export a lot of iron ore.. http://www.worldstopexports.com/iron-ore-exports-country/
and for FMG shareholders.... net gearing ratio will go even lower... and share price might be? $6-8 Range?
I seriously begin the process of selling more of my investment properties and will throw everything I got Non-leveraged positions @ FMG..
Iron ore price, page-6288
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$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |