Not much actions today so some longs jumped to "shorters trading" thread for some actions, hehe. I just can't believe how people can hold the same view from $1.44 to $6.97, or more recently $6.15 to $6.97. What more evidence do you need? I've been saying pretty much the same thing for 10 months now because they are FACTs, then they said all those numbers from China are just made up. So FMG's Q reports came up, and they still say it's just what they expected, hehe. If you can't be convinced by this Q report then you have no chance to convince anyone. The numbers don't lie and they are huge numbers, up there with the BIG3 in terms of profit margins. Some shorter say they are long in Material Sector but use FMG to hedge, please tell me, which other ASX stock is more profitable per share/SP than FMG? It's like using a Ferrari to commute to work or pick up the kids from school, and take a Hyundai to the racing track, no offense to Hyundai owners.
No point selling for a quick small profit, when the Fat Dividend and $7+ is just around the corner. Cash is King and FMG are making plenty ATM.
DYOR.
Frank.
Iron Ore Price, page-17986
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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 |