I think the reason is that most people assume /expect IO to go down because it is at historic level , but they forget that all the stimulate packages the governments around the world are going to spend hasn’t started to effect the IO price in its full force . We will see IO to reach 200 before starting to go down , but at this stage will remain over 150 for short and medium term . FMG is a real bargain at these levels and many will regret selling now ! Instead accumulating!
Iron ore price, page-29153
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Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.67 | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |