IOP at a 3 week high
needs to recover back to 100 -110 for full bullish retrace imho
Market thought it was going lower but it reversed
FMG is making large margins at this IOP and massive FCF
Its how it uses this cash thats the issue
For years they have cashburnt on non revenue earning crap like H gas etc & NOT paid down their junk bond debt, built the port extensions, new larger mills or the refinery nor invested into EV battery JVs and supplies which they need nor in the exmouth monster project they have talked of for years.
stick to the core business.
IOP at a 3 week high needs to recover back to 100 -110 for full...
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |