I understand the grade is lower. Everybody does. But I understand that its how the ore is mined, refined and blended. Its my understanding ( and again could be wrong ) that you can upgrade lower grade ore, dependent on how much time and money you want to invest in this process. The fmg report mentions time and money invested in this process - but again the market continues with its cynical mindset.
Your cynically splitting hairs about the bond holders. Who cares who they owe the money too? Its four bucks in the forty
Funny you mention vale. I distinctly remember them making a $2b loss last report, effectively acknowledging all of their current production is underwater. But everybody is in shock and awe that they're opening a new mine for 90mt at a cost of $5b!!!!. I doubt very much vale will be producing at capacity
Your fourth point is again based on market cynicism and not fact. What are the cold hard facts in black and white as to why the stock was sold down?
I understand the grade is lower. Everybody does. But I...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |