You are completely missing the risk/reward proposition.
FMG is the lowest margin producer of the the majors, selling the lowest quality product that faces the biggest headwinds as Simandou comes on and at some point Chinese demand falls.
So FMG is much more volatile than DRR - in both directions.
Ann: Half Year Results Presentation, page-11
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Last
$4.14 |
Change
-0.030(0.72%) |
Mkt cap ! $2.188B | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.21 | $4.12 | $8.456M | 2.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11652 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.15 | 41700 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |