wheather world growth is slowing or not, doesn' really affect FMG. its pre sold all production upto 100 MTPA, which they dpn't even have the capacity to dig it out of the ground yet! its all about china, closely followed by india... even if chinese grwoth slows 2% it will still be mightly hungry for iron ore. not much long term risk getting in at these prices. patience is the key. analyst predict another 18% hike in iron ore prices in the coming year by the way.
but i don't mind you selling me your shares <$5! lol! :-) things we'll come good!
fmg tomorrow, page-21
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |