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
Hi Spuza12, below $2 was a once in a lifetime opportunity FMG...
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 13926 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |