RBA to cut the cash rate and announce QE on Thursday.
Aussie dollar could go down to US$0.59
In combination with iron ore at US$92 a tonne, oil at $31 a barrel (down from $62 just eight weeks ago), shipping freight rates plummeting, and a massive China Govt stimulus package due to be unveiled - you can see why FMG is continuing to rake in Billions in profit.
It's also why we will see the full-year dividend likely to be higher than the Interim 76c dividend recently announced.
Iron ore price, page-20150
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |