An IO price at US$50 or better means that FMG would have better gearing ratios than BHP or RIO within two years (unless BHP and RIO sell more assets to compensate like in the last two years). Analysts, the world bank and other experts have been forecasting IO to be the worst commodity for 2016 This terrible commodity appears to be the reason why FMG is clearing debt so rapidly as opposed to having large amounts of capital tied up in Oil & Gas, Aluminium or even copper.
Iron Ore Price, page-6616
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Last
$21.59 |
Change
-0.270(1.24%) |
Mkt cap ! $66.47B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.51 | $95.00M | 4.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7115 | $21.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.59 | 4291 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |