Hi team12, Your analysis is sound but you must remember that FMG's all in cost is approx US$37 a tonne (inclusive of other expenses like interest, depreciation, etc).
With the iron ore price hitting over US$116 last night it means even more cash flowing into the company's bank account on this last day of the 2018/19 Financial year.
The Full Year profit result is being announced on 26 August 2019 folks - and its going to be BIG!!!!!!!!!!!!!!!!
Hi team12, Your analysis is sound but you must remember that...
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $93.92M | 4.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1627 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 28127 | 9 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |