Iron ore price, page-13518

First 13518 Last

Share
Profile

Follow
Andyrooster

517 Posts.

131

20/06/19

23:56

Post #: 39164363
Share

Originally posted by knowlesm: ↑

Hi All-

fantastic thread comments with some amazing input.

i know there has been some focus on output from Vale and Rio. (Lack of)

We have not heard much of anything I can remember seeing from FMG on their annualised target goal and their ability to reach it.

IMO - I believe Twiggy would have given specific instruction to Elizabeth Gaines and her management team and all the team at FMG to haul arse, and ensure they reach the very sizeable final QTR target to show the industry and market that while faced with challenging conditions (cyclone), that they have been able to meet their companies guidance and company commitments.

In most cultures it is very important to ensure you meet your commitments, especially in the Asian culture.

i also see a market share opportunity for FMG, based on meeting their commitments. If Rio and Vale can not supply customer xyz, then they may be welcoming of FMG supplying them based on their consistent supply of a variety of quality grades. May hold well for customer expansion when the 60% ore comes on board later in the year.

Its ok to produce xyz amount of tones but the market size it the market size. So providing a customer solution when other companies falter proposes a new customer opportunity in my opinion. That customer may be in the form of a 60% ore requirement, in place of a 58% customer = a more profitable customer. I hope I am making sense.

It’s necessarily about producing more- but taking customers that want the more profitable grade of Ore from competitors who have traditional automatically got these customer because FMG did not have the product to meet this particular customers need- requirement.

all the best to all over the next 1-6 months should be good interesting times. $9.80 a $10.75 by end of July and a $.30-$0.60 dividend by August end.

GO FMG

kind regards

MJAK

Expand

EG already stated they will try to make up for lost production from TC Veronica in their announcement that they released after it. I agree that they will be working flat out to get the most IO on ships that they can. The article that came out a couple of days ago got me thinking on the subject because it said IO exports from Oz had increased but shipments from RIO were down, so it will be interesting to see what % of the increase was from FMG.
I'm expecting shipments for the 1/4 to surprise me on the upside.
Go FMG

FMG Price at posting: $8.72 Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

There are more pages in this discussion • 40,511 more messages in this thread...

First 13518 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $17.26		Change 0.250(1.47%)		Mkt cap ! $53.14B

Open	High	Low	Value	Volume
$17.22	$17.37	$17.10	$105.8M	6.139M

Buyers (Bids)

No.	Vol.	Price($)
1	3000	$17.23

Sellers (Offers)

Price($)	Vol.	No.
$17.27	19878	3

View Market Depth

No.	Vol.	Price($)
1	3000	17.230
3	880	17.220
1	100	17.210
7	1222	17.200
5	2519	17.190

Price($)	Vol.	No.
17.270	19878	3
17.280	10286	3
17.290	7000	3
17.300	79885	21
17.310	6557	3

Last trade - 16.10pm 20/08/2024 (20 minute delay)

FMG (ASX) Chart

Iron ore price, page-13518

'Joaquin Silver District' acquisition to become a key asset for Unico

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Iron ore price, page-13518

Top Stories

'Joaquin Silver District' acquisition to become a key asset for Unico

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News