Yeah David is echoing my point I made earlier this week when the price was ~ 14.50's. I grabbed another 3000 shares.
FMG was obviously massively over sold.
I estimated 2.49 & 17% yield for a half year... I still think even with the sky falling prediction of $95dmt we should get 10% divvy full Frankfurt pa.
don't agree with this notion that FE will remain at $95dmt medium term - however if it remains in this space for more than a week it will force higher cost producers to stop production ( think Venture / GWR / Chinese producers etc) which reduces supply and creates upward price pressure.
Easy comfortable money with such a well run company - low cost, high production, selling an I demand product & significantly investing into a MEGA future with FFI.
Just my morning 2cents
Yeah David is echoing my point I made earlier this week when the...
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |