In all seriousness, does anyone have a legitimate bear case for FMG, other than future IOP will not be as high and AUD may rise? Are there other negatives, risks, etc that are to be considered that most on this thread don't talk about?
It's always good to see the other side, especially when one side seems like a no-brainer. I wouldn't mind someone sharing some views on why this isn't $30-40 other than the reasons above.
Anyone have thoughts? Shorters, non-holders are probably best positioned to answer.
If this is best as a separate thread, happy for mods to move it.
Iron ore price, page-28538
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |