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.
- Forums
- ASX - By Stock
- FMG
- FMG Technical Analysis
FMG Technical Analysis, page-168
- There are more pages in this discussion • 11,085 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
(20min delay)
|
|||||
Last
$22.98 |
Change
-0.220(0.95%) |
Mkt cap ! $71.33B |
Open | High | Low | Value | Volume |
$23.08 | $23.35 | $22.94 | $87.86M | 3.804M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1256 | $22.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$23.00 | 1300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1256 | 22.970 |
5 | 14624 | 22.960 |
20 | 86980 | 22.950 |
7 | 27560 | 22.940 |
2 | 15165 | 22.930 |
Price($) | Vol. | No. |
---|---|---|
23.000 | 1300 | 1 |
23.020 | 1300 | 1 |
23.040 | 985 | 2 |
23.050 | 12227 | 1 |
23.080 | 12227 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
$22.98 |
  |
Change
-0.220 ( 1.04 %) |
|||
Open | High | Low | Volume | ||
$23.06 | $23.34 | $22.95 | 795484 | ||
Last updated 16.10pm 17/06/2024 ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online