The SP may bounce up a bit before 28. One may sell calls at 5.50 to reduce loss.
I was predicting major downturn about mid October - November. Chinese mills are still producing at full blast, but the future is clear; the killing pollution will be reduced this winter at a cost of reduced steel output and a consequential drop in demand for sub 58%Fe ore. Pellets, lumps and 65% ore are in demand and selling at a great price at the moment.
All IO products may come down in price, low quality most.
FMG with the reserves of low quality IO and a misguided dividend policy is facing serious problems.
Over the last 2 years the only investment in the future was a small flotilla of 8 ships, a little pain in the donkey. I see SP around 4.00 before mid Northern winter. Total wealth is a true metric rather than a dividend. BHP had a great dividend policy, ended up in massive impairments.
To change subject to a neutral topic.
Take any number
If even, divide by 2,
If odd, multiply by 3 and add 1
Continue......
No matter how big number you choose the end result is 1.
If you could explain the above fame and millions await.
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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) ? |
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