Word on Collins St is that foreigners & instos are buying resource stocks after yesterday's GDP figures confirm we are out of recession.
Why not?
the perfect storm!
- Aust GDP will push up the AUD $
- Being almost CV19 Free means our economy will march on
- FMG has no Net Debt
- Big resource companies in Aust have very low cost of production
- IO prices reaching highs not seen for 7 years & growing by the day
- Vale is facing huge headwinds
- We are on the cusp of the commodities super cycle once the vaccinations make their way around the globe
- Post CV19 infrastructure boom will be massive
its going to be a very bloody good Christmas with a new baby at my feet
Iron ore price, page-25477
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |