It just seems crazy. The last time fmg was around this level (excluding the $44 crash) it was back in april with i/o at $48. 3 months later its back here with i/o $7 per tonne higher, coupled with a report verifying that fmg is striking its targets with more savings to come. RC man i understand your gist about getting past the hysteria of roy hills supply - but unfortunately i don't think that'll make a difference. After roy hill, the focus will move to vales new supply, the price of ore will probably be the same at $55/tonne and the fmg sp will be below $1.50. The price of fmg just seems to keep trending lower regardless of fundamentals or how much extra fmg is making through running efficiencies.
It just seems crazy. The last time fmg was around this level...
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Last
$21.68 |
Change
-0.185(0.85%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.64 | $15.02M | 690.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 9085 | $21.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.68 | 4756 | 8 |
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| Last trade - 10.40am 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |