The highest cost producers will always have the most to gain in the short term when their exposed commodity spike up. But comparing FMG to AGO/BCI is like comparing apples to lemons for sweetness.
It is definitely profit taking after such an eventful day together with the buy rumor sell news. But it is good to know that management still have a few tricks up their sleeve. It is debatable if Vale with its own profit and debt problems is a good fit for FMG but they do have very high grade ore from S11D hitting the market and being a SH if they sign dotted line will come in handy for further JV in similar fashion to Samarco.
Exhaustion Gap, page-20
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |