i agree with jessel and say well done....with one caveat
you could have picked virtually any IO stock and had the same (or in many cases better) success. yes FMG have a large debt, but they also have even larger assets. higher cost producers are the ones who i believe are in the bog.
other than a delay in the TPI sale the company is producing more IO than ever before, at a cheaper rate than ever before, and its current margins are extremely healthy. the last point is the one for debate moving forward
anyway im still long and haven't got pressures to sell, so i will hold possibly for 10 years
but i do congratulate you on your correct short term calls, i still am surprised the volatility of the current market and sentiment, but thats the beast we play in.
i agree with jessel and say well done....with one caveatyou...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |