me too, I bought at $15.36 and am prepared to buy on a move down too.
The company is profitable at any prices above US$40, what in the current conditions there is no way to get to this very low price level.
There is no point to keep spare cash in the bank earning nothing instead of getting 15-20% (including franking credits) from investment to FMG.
Another aspect, nobody knows what will happen "tomorrow". People are waiting when the IOP will consolidate. But in real life a V-shape recovery is possible without any consolidation.
Iron ore price, page-37715
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Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |