Thanks tbo
I try to not guess short term movements too much but yes your right I think all the good news is already out there. As for the price of FMG in a more medium term I would say that it is still too low for current iron ore price and it may be because most brokers are still overly bearish. So fmg may grind higher if there appears to be more stability to the iron ore price. but I do expect always a big discount to fmg vs tier 1 but that is okay they are safe now. after all cigarette companies have had the best return in the long term because no one wants to own the stock so they always been high yielding.
Thanks tbo I try to not guess short term movements too much but...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |