budd if youre just having a punt because IO price seems overdone, then thats a daytrader post.
if you want to go on and explain WHY its underdone, well then that is likely to be of interest to others on this thread. good luck but i dont really care.
the majority of posters on here have a longer term view with fortescue and, barring a collapse to the IO price, id say FMG will have a $6 in front of it well before a $3 (which IMO may never occur again).
Currently shipping 300k tonnes a day, margin of about $80 a pop.....thats $24m a day, $1m an hour. theyre banking a fair bit of coin at the moment.
155mt run rate at a margin of $50 would suggest FMG is a double figure share
budd if youre just having a punt because IO price seems...
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |