There's no law that says you have to panic sell if you're intending to hold a super low cost, zero net debt, safe jurisdiction commodity miner for years and years....
UBS has negative FMG commentary because they need people to panic sell so they can close out all their shorts nicely... the same UBS who called Afterpay at $17 for ages.... and ages.... and upgraded their price target by more than $100 after the Square deal...
Also, the winter Olympics is not over when production curbs are likely to end. Why take the L when the W is scheduled via high dividends?
Iron ore price, page-37977
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Last
$23.20 |
Change
-0.220(0.94%) |
Mkt cap ! $71.43B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.04 | $104.4M | 4.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18833 | $23.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.20 | 6082 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$23.24 |
Change
-0.220 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.04 | 1188146 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FMG (ASX) Chart |