Hi Frank
As IO drops below a certain price the high cost produces will drop out. I recon FMG will be able to supply the majority of the quantity the high cost suppliers unable to supply. As the IO price drops we make smaller profit margin. But being able to supply larger quantity we shoul make big profit. And we can pay the debt as did previously.
Good luck.
Hi Frank As IO drops below a certain price the high cost...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |