The next divvy will still be over $1 due to the currency being so low which no one seems to be factoring in at present.
FMG still making $100AU per tonne.
China is in a covid lockdown so things slow down or stop in certain sectors which is why the ore price is down.
When they come out of lock down like every other one they've had the ore price jumps up as does FMG.
Longer term this may not have much of an impact as FMG will be making more money on green hydrogen that it does on its IO.
Buy in fear which appears to be happening now.
Iron ore price, page-47833
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$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 | $22.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| FMG (ASX) Chart |