Hi Spuza12, below $2 was a once in a lifetime opportunity
FMG represents excellent value even trading in the mid 2's. I do believe most institutions have now come to realise their best endeavours talking this company down has failed. They, like many others will have have to jump on the bus & enjoy the ride or they will be under it in dur course. Iron ore trading under $50 will not be endured in the future, it will slowly settle towards the mid 50's to 60 handle. Right now, FMG is being rewarded for astute decision making & a stabilized Fe price. Watch it bounce once the much anticipated debt buy back is executed. Patience will be rewarded, IMO within 12 months we will look back & say hec it was a lifetime opportunity buying in the mid 2's as its now over $3.50
Iron Ore Price, page-5319
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |