Everyone here needs to take a cold shower. On this site when FMG neared $30 it was obvious the stock was at cyclical high yet HC was full of posters being blindly positive. Now it's obvious the stock is in a cyclical downturn and shorters have turned up on HC trying to talk the stock down.
My sentiment is buy and my sentiment is getting stronger and stronger as a buy the further the FMG share price falls. Take a look at the books and the all in cost of production per tonne. Then take a look at the iron ore sale price. FMG is still minting cash and they are nearly half price compared to their highs.
My only question is the price to pay and whether i should buy now or wait and try to get them cheaper still.
Iron ore price, page-54565
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Last
$15.88 |
Change
-0.320(1.98%) |
Mkt cap ! $48.89B | |||
| Open | High | Low | Value | Volume |
| $16.40 | $16.41 | $15.88 | $188.3M | 11.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 15657 | $15.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.89 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |