remember that the iron price wont come back to its lows. we are in a period of higher prices for the longer term. even if iron ore prices drop off [just like oil] a lot of well run companies will make great long term returns for shareholders. If you look at companies like BHP and RIO, they have managed to get through price swings for decades. These price swings were well under half the current price and they still make billions of dollars pa. There are very serious supply issues and in five years time we would still have a very robust mining sector. There will be winners and looses come out of this and a lot of second tier players may well run out of cash or can't get rail and port access. This is not the case for FMG as its window to get established could not have been better. A lot of people have called the end of this market and the demise of mining stocks and no doubt their will be a correction but good ones will survive. They may not make mega profits but the dividend potential of a company like FMG should not be under estimated. The Chinese are finding it very hard to buy these companies. I agree that there is an optimum time to sell any stock regardless. dyor and good luck.
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Last
$17.43 |
Change
-0.060(0.34%) |
Mkt cap ! $53.66B |
Open | High | Low | Value | Volume |
$17.56 | $17.84 | $17.21 | $174.0M | 9.955M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $17.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.46 | 25752 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 17.410 |
2 | 2025 | 17.360 |
1 | 1700 | 17.330 |
2 | 1284 | 17.320 |
1 | 1000 | 17.300 |
Price($) | Vol. | No. |
---|---|---|
17.460 | 25752 | 1 |
17.470 | 22913 | 3 |
17.480 | 85663 | 2 |
17.490 | 41866 | 2 |
17.500 | 20329 | 3 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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