Yes mate I hear you, it hurts and you’re certainly not alone.
Ask yourself if the fundamentals of the company have or are improving.....I think the answer is Yes. If you believe this too then hold as it will bounce back in time like it always does, especially when they announce Iron Bridge Magnetite Development. If you believe the fundamentals are deteriorating in FMG, then you should potentially think about selling. This doesn’t mean the SP won’t go further south but what I can guarantee you is that barring any collapse in the stock market or IO demand/price, the fundamentals of this company WILL take care of the SP in time and will recover. However you will just need to have patience, put them in the bottom draw and try your best not to look at it on a daily basis.
Best of lucky keyhole and remember you are not alone and it will be ok mate.
Iron ore price, page-3849
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |