" STEVEN HING
NOVUS CAPITAL
BUY RECOMMENDATION
Fortescue Metals Group (FMG)
The iron ore producer has dipped from $12 to trading below $10 on June 13. Expect support at these levels. I am a buyer of iron ore stocks, and firmly believe that FMG represents good value given an easier entry for Chinese investors compared to BHP Billiton or Rio Tinto.
Flinders Mines (FMS)
Has just announced a name change from Flinders Diamonds after discovering an iron ore deposit in the Pilbara near Fortescue. I wasn’t a believer until recently, but the recent rally suggests that it definitely has a resource. Expect the stock to move higher as the resource is confirmed."
Oh, by the way he recommended BHPB as a hold!
Cheers,
Beerzy
hot off the press broker recommendation buy
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $175.8M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 88.5¢ | 88.0¢ | $2.152K | 2.443K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1978 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 602 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |