Are people not worried that FMG is only a couple of dollars on spot price away from digging ore up at a loss? Magnify this by it's output and it's really worrying. Nothing falls in a straight line and I think the flash PMI saved FMG from new lows. To me this seems more like a short than long play.
Rio is a must safer option for iron ore leverage. What happens if iron ore goes sub 70? Ouch
iron ore price, page-28
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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 |