Impetuous, I am buying. I bought another 1000 shares yesterday. FMG technically was overbought, was due for a retracement even though iron ore prices were on the rise.
I would not be surprised to see the share price go above $20.
The analysts have been saying the iron ore price is due to head down for the past 18 months, instead it has climbed and climbed further. FMG is making mega bucks at present, we could get $1.50 per share dividend.
That's my thoughts anyhow.
everyone has to make their own appraisal and decisions.
Iron ore price, page-23967
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |