Yep, tend to agree. The capex phase of a miner, particularly when the size of capex can't be quantified, is the riskiest time. Historically dividends decline and investors bail as capex needs ramp up.
the unknown here is that the prize could be bigger, woke steel is yet to be priced but could be the only product that is acceptable in some very large markets
Iron ore price, page-40776
-
- There are more pages in this discussion • 12,086 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |