As a shareholder I would rather listen to the Company's management tam than some random poster on Hotcopper especially those predicting fe prices to fall to $120 or even as low as $70. All three major Australian producers have stated in their updates that fe prices will stay very strong for at least end of this year. Being responsible people they did not nominate or put a price on fe for the next 6 months. All they said was the price will stay strong and they are forecasting a healthy profit. Personally, I think the recent drop is a welcome and healthy correction from an unsubstainable high.
Iron ore price, page-32303
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$22.43 |
Change
-0.055(0.24%) |
Mkt cap ! $68.58B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.46 | $22.21 | $36.54M | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 4367 | $22.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.43 | 9625 | 13 |
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| Last trade - 13.26pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |