I bought FMG because they are a cheap, money printing machine. The lower realisation will always be temporary, and as technology improves, steel mills will find better ways to use lower grade ores, improving realisation. They'll be debt free soon and all we shareholders need to do is sit back and collect. The current conditions are a lower ebb of normal operations for FMG.
Ann: Quarterly Activities Report, page-43
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Last
$17.95 |
Change
0.220(1.24%) |
Mkt cap ! $55.26B | |||
| Open | High | Low | Value | Volume |
| $17.93 | $18.00 | $17.70 | $124.3M | 6.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 823 | $17.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 14618 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |