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Iron ore price, page-26166

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knowlesm

187 Posts.

45

16/12/20

22:52

Post #: 49635885
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Originally posted by street professor: ↑

China can't make steel without Oz iron ore, can't make steel then they can can't develop infrastructure and ultimately keep their workers employed and ultimately fed. For a country there are only nine missed meals away from anarchy(someone stated that back in 1906), the Communist leaders know this and so do the IO producers.

China have alternatives with wine, lobsters, grain, beef and coal, not so much with Iron Ore.

FMG took the aggressive approach back in 2014-2016 with significant and aggressive cost savings, workers and shareholders are reaping the benefits and will continue to do. No doubt it will fluctuate over the next 12 months but that fluctuation will be between $15 and $30 in my opinion, a long way from the days of $2 and $5 from six years ago.

Good luck to the workers and shareholders, the leaders showed some business and strategic smarts along with some balls when it counted. Let the shorters short, long term holders can sleep comfortably.

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i used to stress every day.SP $1.59

I backed my investment in FMG, and am proud to say I have. balls of Steel. over last 9 years.

I will sell out when I am good and ready, and then I will be able to get the balls of steel dipped in Gold

lol.

regards

MJAK

FMG Price at posting: $21.97 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $20.14		Change 0.180(0.90%)		Mkt cap ! $62.01B

Open	High	Low	Value	Volume
$20.11	$20.40	$19.80	$203.8M	10.11M

Buyers (Bids)

No.	Vol.	Price($)
1	10	$20.13

Sellers (Offers)

Price($)	Vol.	No.
$20.14	17291	1

View Market Depth

No.	Vol.	Price($)
1	10	20.130
4	107866	20.120
2	114	20.110
9	27730	20.100
3	3073	20.080

Price($)	Vol.	No.
20.140	17291	1
20.150	15054	2
20.160	23460	4
20.170	12974	1
20.180	17206	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

FMG (ASX) Chart