You might, but you won't. At the current rate of decline, if it falls to .99 you will wait till .90 and at .90 you will want to wait till .80, at .80 etc etc. RIO just broke through their 5 year low in NY. Well and truly in GFC territory now - not good for super funds, many of them have the big miners as the core holding in their portfolio.
I think the past ten years has completely destroyed confidence in holding miners long term. It will be a hell of a long time before confidence returns, if ever.
fe sub $50, page-4
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |