"Not to mention its bright future with increasing output and quality of its IO product from its new mines.
The fundamentals such as PE, EPS, dividends, company cashflow (even at the current IO price), would be the reason I would be buying."
Sure, but you could have said those exact same things when the share price was over 20% higher just the other week.
And that was clearly a bad time to buy.
Why is now any different then?
As you say, you could be completely wrong, and your modesty is well-placed, I think.
It reflects one of the problems with commodity producers: they have no pricing power, so one never knows what price they are going to be receiving for their products tomorrow, next week, next month or next year.
"Not to mention its bright future with increasing output and...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |