Someone else on this thread said they sold at $20 something for a Disallowed after holding for years but Id say they are likely to see a 20 bagger over the next few years if they had held. Just because the price has risen to ATH's doesnt mean its the top - it will probably make another one given time. Yes, short term, the price could fall with any weakness in iron ore price but over time, FMG has continued to grow and will probably continue to do so over the coming years. Buying on any weakness has always been profitable.
I cant see China being able to have much affect on spot pricing unless they can talk one of the producers into selling contracts to push the price down? Just gotta wait till more supply comes online.
Iron ore price, page-26208
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |