Good way for China to 'strategically' send the price of IO downwards ... lol
The higher prices at present would make it economically viable for some of the higher cost producing mines to restart sadly, and see the market flooded with low quality ore .... FMG should be fine though given our debt position has reduced somewhat since the last time this happened.
FMG won't be one of the one who suffers IMO if prices head south to around $80 or lower ... we are in the strongest financial position since I became a shareholder
Good way for China to 'strategically' send the price of IO...
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$18.99 |
Change
0.120(0.64%) |
Mkt cap ! $58.46B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $211.5M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 130177 | 4 |
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| FMG (ASX) Chart |