Step back for a moment and consider the big picture, RIO is in deep s**t, even thinking of selling its IO assets due to its debt burden. FMG in my view is now very well placed over the next few years to really capitalise on investments made to date, FMG will gain market share and power & overtake RIO in my view in IO, you heard it hear first the new hatrick is Valle, BHP, and FMG. FMG are likely going to the IO pricing negotiations this year which will be the start of FMG's final ascendancy and RIO's decline
fmg strategic position relative to bhp&rio
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Last
$24.32 |
Change
-0.460(1.86%) |
Mkt cap ! $74.88B | |||
| Open | High | Low | Value | Volume |
| $24.38 | $24.51 | $24.16 | $140.9M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16891 | $24.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.32 | 985 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$24.35 |
Change
-0.460 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| $24.37 | $24.50 | $24.16 | 706126 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| FMG (ASX) Chart |