FMG is pure-play Fe producer. Exposure to Fe price is 100%. Fe price drop, SP drop. Fe price go up, SP goes up. FMG at least pays a divvy so shareholders get paid while waiting for the worm to turn.
DVP (VXR) used to be pure-play base metals developer. Exposure to base metal prices was 100%. If base metal prices drop, SP drop (fair enough). But when Cu was $5, the SP did not go up, because of the lithium dragging this down. Who was out there selling the lithium idea to investors last year saying $3.20 was good value?
It is the individual investor fault for believing the sales pitch, not the CEO. So can't blame the CEO. You live and learn!
DVP Technical Analysis, page-3283
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Last
$2.40 |
Change
0.000(0.00%) |
Mkt cap ! $631.3M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.42 | $2.32 | $1.006M | 423.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 500 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |