Would it be correct to assume FMG would do a certain degree of hedging on the Iron Ore price and that the $65 price achieved is a laggard on the current IO price?
...therefore price achieved in the coming months should start creeping upward even though IO prices are in a downtrend?
*fyi I'm still learning this IO game...
Iron ore price, page-15739
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
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| FMG (ASX) Chart |