All.
When Iron Ore was USD220 a tonne recently people on this site complained that the market was manipulated because the share price was not high enough. Now people are complaining that the share price is falling too much and suggesting those with leverage sell.
But actually nothing has changed.
Iron ore was and always is a cyclical commodity. Never buy iron ore shares with borrowed money.
FMG has a rock solid balance sheet with a low cost of production.
FMG is a well managed company.
The iron ore cost curve suggests a long term average price in the range of USD100. This means the price will cycle both above and below that.
FMG share price will cycle with the iron ore price because that is what FMG sells. But underlying that is a wonderful company with strong financial, good management and ongoing growth investment. Invest in the company just pick your buy price as this cycle gives you an opportunity.
The down part of the cycle feels terrible but that is the nature of a cycle. Try and relax.
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B |
Open | High | Low | Value | Volume |
$21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9803 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.11 | 10620 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 22.090 |
1 | 1400 | 22.060 |
1 | 2500 | 22.050 |
1 | 135 | 22.030 |
3 | 1485 | 22.010 |
Price($) | Vol. | No. |
---|---|---|
22.110 | 6540 | 1 |
22.130 | 107 | 1 |
22.150 | 1623 | 2 |
22.160 | 455 | 1 |
22.180 | 1850 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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