FMG should be way over $2 at current IO prices and with the assets it owns.
It's the short selling and the fear that IO can dip below $40/t.
The stock market is risky, I can't emphasise this enough from my experience. And although FMG's management are performers, when things go pear-shaped you can never depend on management to keep you informed with your investment.
Good luck all.
Iron Ore Price, page-1050
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 (20min delay)
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Last
$18.60 |
Change
0.155(0.84%) |
Mkt cap ! $57.05B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.68 | $18.30 | $89.18M | 4.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5148 | $18.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 1494 | 10 |
View Market Depth
| Last trade - 13.02pm 29/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |