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
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |