To me the extreme bullish views on here are based on denial and the unrealistic expectation that FMG will keep pumping out these dividends forever and thus why a $30+ share price is justified.
On the other hand, I all I am saying is that stock is probably reasonably valued considering the long term reality for iron ore, but I suspect there maybe a downward drift as dividends are paid.
The reality is, the flambount bullish share price predictions keep failing to materialise.
Iron ore price, page-30859
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Last
$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |