What's clear to me is there is no short term upside to FMG... the best you have to look forward to is a great divvie, The worst is Forrest spending FMG's profits amusing himself with hydrogen which will take years and may not work as plenty of experts have pointed out. Add the possible collapse of Evergrande on the top and a declining IO price and it is clear there is quite a bit of risk. I'm calling twelve bucks in the short term.
Iron ore price, page-39941
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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 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |