You make a good point John. Next week will see a substantial dividend paid to holders. Many will use the funds in various ways including living expenses but many will reinvest back into the market and id guess into FMG as their own dividend reinvestment program.
I'm one of the latter and the $20k that hits my account will have half going back into more FMG.
Iron ore price, page-20621
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Last
$19.96 |
Change
-0.720(3.48%) |
Mkt cap ! $61.45B | |||
| Open | High | Low | Value | Volume |
| $20.18 | $20.38 | $19.96 | $247.8M | 12.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66287 | $19.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.00 | 10809 | 2 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |