I don't think the market hates it. Fmg is not down as much as BHP and Rio. However I am not jumping out of my skin they are obviously struggling with their sales hence the high grade discount. This was always the big risk for FMG and the reason AF is so keen to invest in high grade products (such as raw steel and also IBO which is high grade) but in the short to medium term they are copping a big discount on their 58% Fe product.
Ann: September Quarterly Production Report, page-20
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Last
$17.01 |
Change
-0.330(1.90%) |
Mkt cap ! $52.37B | |||
| Open | High | Low | Value | Volume |
| $17.25 | $17.30 | $16.98 | $102.9M | 6.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 108939 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.05 | 1750 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |