For those invested in FMG for a long time, how does the FMG sp in correlation of IO prices?
I understand higher the IO prices higher the sp, is it the same when IO prices are lower or during corrections?
Say if for some reason Brazil out of nowhere got a hold of the COVID19 and starting to double the shipment and IO prices fall 15%-20%. Historically, would FMG's sp also fall around 15-20%? If not, historically how does FMG's SP reflect when there are significant falls on the IO prices?
Trying to weighting between risk and rewards here before committing more $$$ into it, not many investments have reasonable returns at the moment.
Sorry for the silly question as I am new to mining company investing............
For those invested in FMG for a long time, how does the FMG sp...
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |