Two points I want to add
1. most people here are traders (except of the fanclub), buy the buy side, sell on the sell side. You shouldnt be bearish or bulish on some stock like it is your religion. Go with the flow.
2. Short term the demand exceeds supply. With that said: long term (~1 year): +100 Mio tonne from Brazil, +100 Mio tonne from Australia, +50 Mio tonne from Africa, +50 Mio tonne from India. Friends working as buyers at steel companies really think that the price will go around the total production cost of iron ore~25-30 dollar per tonne. With those prices the high cost and low quality producers go bankrupt. At the moment FMG is a low quality with medium to high production cost...
Two points I want to add 1. most people here are traders (except...
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 (20min delay)
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |