Super crash and could fall a lot lower.
The big 3 getting smashed to bits.
FMG 26.58 to $14.16 and still falling hard.
BHP $54 to $37.27
RIO $137 to $93.40
Most stocks are getting smashed today.
It will get news tonight then tomorrow more of the same as panic sets it.
FMG March 2020 got as low as $8.20
This is more like GFC1 where the IO price has dropped nearly as much and took another 12 years to recover.
Back then though FMG cost price was far higher and debt was very large.
This can't be ignored. Super crashes can last a few months as we go into bear market territory which can last months.
I hope not.
One silver lining is FMG will have massive profits come October and that should see the share bump up a bit.
Doom and gloom now chaps.
Iron ore price, page-37869
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Last
$17.75 |
Change
-0.200(1.11%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $17.91 | $17.54 | $136.4M | 7.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.77 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |