FMG has proved all of their detractors wrong. They predicted the IO price would recover and it did. WTF do analysts know anyway? One day the sky is falling and the next its blue sky. They take a bet each way and know no more than me and you!!
The FMG balance sheets say it all. They stuck to their game plan and now its paying off.
I love Andrew Forrest. And good on him for collecting the $128m dividend payment.
The success of FMG is not just about making money. Their success can be rated by their work ethic, corporate citizenship and social conscience. Just look at what FMG has contributed to the indigenous people of WA. That is what makes them successful.
So much talk about the short sellers. Who cares what they do? They have short sold FMG from $1.50 to $6.80. Day traders have no bearing on where a share price is going.
Only good management and a bit of good fortune!!!
Iron Ore Price, page-17972
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |