I suspect FMG will get to about $14 a share then I'll be buying back and I suspect Forrest will buy more shares as well like he does when it gets lower in value.
Follow the billionaires.
Buy in fear and sell in greed.
I suspect fear has a bit more to run before the bargain hunters pile back in then greed takes over and up she'll go again.
We long term FMG investors seen the shares bounces up and down for years and one sure thing
is its a money printing machine. Where else does anyone get so much back twice a year in dividends along with nice franking credits to help with our taxes.
I'd say our shares will be back over $20 later this year and all this hog wash going on will all be forgotten about like it was last November when iron ore got as low as the low $90 range and again that was due to China being in a lock down.
Iron ore price, page-45679
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Last
$17.26 |
Change
0.250(1.47%) |
Mkt cap ! $53.14B | |||
| Open | High | Low | Value | Volume |
| $17.22 | $17.37 | $17.10 | $105.8M | 6.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $17.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.27 | 19878 | 3 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |