We are still at $6.66 with the divi, Devils number LOL. still only 10% of the highs of 18 of 2 year ago. Vale was producing 400mil tones "circa" back in 2017 feb, FMG rose to $7.27 at that time based on huge NPAT, and the fact they had paid massive debt down.
the sh-t hit the fan and the price slowly went down. FMG even with VALE back to near full production will make massive profits for at least the next 3-6 months, so will be returning a massive full year NPAT, and either have a massive Divi, pay of debt ( if they are allowed to) or diversify.
White annoying - noise at the minute, very annoying,
I recall after divis being announced we went from $6.80 odd to $5.94, then back to $6.96 , before yesterday and todays combined reduction.
The share market is a transfer of funds from the impatient to the Patient. Confucius says?
Kind regards
MJAK
Iron ore price, page-11069
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Last
$21.23 |
Change
-0.295(1.37%) |
Mkt cap ! $65.52B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.16 | $78.80M | 3.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 11672 | $21.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.23 | 8506 | 20 |
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| Last trade - 15.14pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |