Iron Ore Price (IOP) is the main focus and concern of today and next week.
To answer your question, lets me just say $40+ for 62% Fe.
More broadly, by that time, there may be many developments that may make this question not very relevant, as FGM will take necessary steps to comfortably remove margin pressures of today and next week, may get taken over or FMG may be receiving revenue from other products.
I just feel the share price is very depressed and has priced in severe negativity already. It is more typical of a buying opportunity than a stock to stay away from, from fear of going bust.
Iron Ore Price (IOP) is the main focus and concern of today and...
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |