I think these are the 2 scenarios. Both take the IO price to around $70 very swiftly starting with a plunge of the Dalian through 600 yuan then 500 yuan over a week.
The process either starts today or early next week say Tuesday. Either way IO price will be around $70 by next Tuesday.
IO price will absolutely test the $40s come late November or early December.
When the big ships drop achor all queued up with nowhere to go, then IO price will free fall to the $40s.
I think these are the 2 scenarios. Both take the IO price to...
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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 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |