You'd think so, but that doesn't explain why the likes of MIN (who had supply issues due to a lack of drivers resulting in under-delivery and missing forecasts, yet still continues to climb) and CIA (another pure play) have also continued to run as well.
Grange (GRR) is different due to being more speculative and producing pellets, so that can probably be discounted from the discussion. Bottom line is that every producer except FMG has seen positive growth over the period.
And I must reinforce: the whole point of this is that I believe FMG is one of the best companies on the ASX in terms of both management and fundamentals, and thus shouldn't be exempt from similar share price growth. If it can't break say $26 consistently with ore above $200, what is the endgame?
You'd think so, but that doesn't explain why the likes of MIN...
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |