The issue for FMG is they moved away from their core business.
this was fine when Iron ore was going up.
now you have the issue that the price of iron ore is falling off a cliff and costs of production are going higher - by there own admission 9% higher in the Pilbara.
Good luck in your investing, but FMG have made a lot of poor decisions in the past few years.
You are about to see that reflect in the share price
You need to stop ramping, their cash flow is going to get hit hard and so will their dividends
The issue for FMG is they moved away from their core business....
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Last
$16.20 |
Change
-1.500(8.47%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $16.25 | $16.35 | $16.07 | $242.4M | 14.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 31685 | $16.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.22 | 100 | 1 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |