extreme high volume selling on the dallan exchange.
signals change in direction soon.
at usd 60....a lot of companies will have to kill production.
ago cost is aud 50 sell at aud 60 they hedged it. so there goes 13 mt.
same mgx cost is aud 50 ...but sell at .75 into 60 usd.
ago and mgx have low quality ores.
same with grr and indian / chinese producers.
all hurt at sub usd 60. short term price may go a bit negative say usd 50 but long term usd 60 + shd be goal.
also brazil ore costs usd 10 extra to ship than australian ore.
i say buy 10k fmg evry 50 c drop i started at 5.1 next at 4.6 or so and then 4.1.
love the short term volatily ....high volume sell is mostly a panic indicator....dyor.
extreme high volume selling on the dallan exchange. signals...
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Last
$18.87 |
Change
0.590(3.23%) |
Mkt cap ! $58.10B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.90 | $18.44 | $375.1M | 19.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $18.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.88 | 3586 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |