The presentation did little to allay the fear that its a long road ahead on Iron Ore and they're late to the party. Lithium prospects looked better and the mining services division continues to grow strongly. Not sure the latter two will outweigh the former for a while so we could see the price stumble around here and probably fall as people look to other opportunities. Happy to hold the small stake I have (bought at 20ish) but from a longer term perspective would be happy to add if the falls become significant i.e. to 30-40 and I think there is a reasonable chance it gets there sometime over the next 6 months if iron ore prices don't ramp up again.
The presentation did little to allay the fear that its a long...
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Last
$51.87 |
Change
-0.790(1.50%) |
Mkt cap ! $10.19B | |||
| Open | High | Low | Value | Volume |
| $51.60 | $52.19 | $51.32 | $89.84M | 1.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1300 | $51.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.94 | 19 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |