We are nearly to the end of October and hence mid way through the half.
Pretty soon I reckon the market will start to realise FMG is on track for another bumper dividend and the share price will rise in anticipation.
Also every month that goes by brings the IBO commissioning a month closer. This reduces IBO risk and increases upside because IBO gives 20mtpa of premium 67% Fe product.
At some point soon all this will start to get factored in to the share price and the bulls will start to move.
Iron ore price, page-39393
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$17.81 |
Change
-0.135(0.75%) |
Mkt cap ! $55.14B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.76 | $45.36M | 2.526M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4692 | $17.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.81 | 5569 | 23 |
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| FMG (ASX) Chart |