"It did over the last few years. In that scenario the low cost producers like FMG tighten their belts and the high cost producers go in to mothballs. "
You are not letting me down but basically confirming what I wrote:
"As FMG can deliver at lower cost than others they could be at least the 'last man standing'."
China will still need our IO for a long time but maybe only half of what the were importing when it was $200.
My prediction is also $100. I can not see any reason why it would go back to $55 unless China cancels all imports full stop!
I wonder how long they can hold onto that with all the weaponry and infrastructure they are constructing in the South 'China' sea.
- Forums
- ASX - By Stock
- FMG Profitability when IO at $50-60USD?
"It did over the last few years. In that scenario the low cost...
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B |
Open | High | Low | Value | Volume |
$16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 18592 | $16.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.14 | 3138 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 18592 | 16.100 |
5 | 12169 | 16.080 |
4 | 78015 | 16.070 |
3 | 9520 | 16.060 |
3 | 25309 | 16.050 |
Price($) | Vol. | No. |
---|---|---|
16.140 | 3138 | 1 |
16.170 | 3000 | 1 |
16.200 | 1600 | 2 |
16.210 | 24668 | 4 |
16.220 | 1010 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |