When the Aud drops the iron ore price will continue to drop as there is competition in the market.
BHP and Rio want market share and will out bid FMG every time.
I think iron ore will stay around $40 usd ton while the aud is .70 usd
equivalent to $57aud ton back to 2007 prices.
At that price FMG will probably lose about $7 ton.
If FMG is not gone by June 2015 then it will make around $600million loss per year based on my predictions.
When the Aud drops the iron ore price will continue to drop as...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |