Classic case of sour grapes by Cliffs CEO. If he was running BHP or RIO, he'd be putting the dagger into Cliffs, no doubt. You can just imagine him boasting about how low his costs are and how he will kill off the competition.
Why are people getting so bent out of shape about the iron ore price and FMG? FMG will eventually be killed, as it should be. As Steve Jobs once said, death is a natural complement to life and Rio and BHP will flood the market as they are clearly doing. Over time, they will manage prices up, once FMG are buried and a host of other pretenders have disappeared. What's wrong with that? Welcome to capitalism! It's kill or be killed. Always has been, always will be. Survival of the fittest! If you don't like it, go set up a yoga retreat or something and spare people the bleeding heart handwringing. Sell FMG- it's dead.
Bin your FMG
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |