New post. Having read some of the comments, I wonder why the sentiment, is that FMG SP won't turn positive until a profit annoucement? Sure, its ugly at the moment, the "I told U so" mob have come out full force... but then again, they were threr when FMG was trading from $1 all the way to $40...
Is it that hard to say a price prediction and if it goes there in 1 yr?, 2yrs?, 5yrs? and you get credit for it? You dont! It's a BEAR market, everything is down! But if you bet your $$s, a fully operational business with over 6-7Billion US Revenue and a Iron Ore Contracts already set into the near term future looks a better bet than many... profit will come with time. The continuing cashflows from the revenue will drive this, once the fear washes over.. or not!?!?
Good comments Frank and SB2000!!
fmg tomorrow
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |