With the world going Green in the meantime I fail to see how would FMG not turning heads in this new age.
If history is to repeat itself then those who wait will get FMG at around $15 again as it went to that price twice last year and gladly I added both times.
However with new mines open, China and India both needing steel to upgrade or build their aging infrastructure. Who knows maybe $20 will be the new low.
I have no doubt within the next 2 years we will see FMG at the $30 mark, if it does it makes our current price cheap.
But what do I know.......as I haven't even achieved my own FMG target holding yet......
FMG Technical Analysis, page-9037
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |