we all wish ,I traded it from 164c up , my son asked why I didnt hold it,the answer capital allocation I would have taken a small position but definitely went upsize to trade and made far more trading than I would holding a small position not to mention the fear surrounding stocks during that time, as for the future well resource stocks still have lots of issues considering the worlds financial climate.
however when it settles it might well be an appealing trade stock it has mammoth reserves in Australia and lots of wiggle room to change the balance sheet , it would also be nice to see it diversify or alternately take its expertise to South Africa
fmg over valued, page-54
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |