FMG price chart below shows that between 2013 to all the way to 2019 share price was between $1.42 to $6 AUD, now i don't know if there was any share dilution in between but just going by share price that was the range it was.
i believe FMG had debt that time but it is no different today including expenses upcoming from FFI not considered.
IO price between 2013 to 2019 was between $150 USD to $45 range as below from https://tradingeconomics.com/commodity/iron-ore
so based below i don't see why share price or how share price is influenced by IO price ? it seems more like influenced by dividend that was paid by FMG to shareholders & debt level at given time ... in my opinion which is in third chart below. i missed putting forex rate in this one
so real question will be more around debt level plus dividend then IO price isn't it ?
Iron ore price, page-47747
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Last
$21.63 |
Change
-0.040(0.18%) |
Mkt cap ! $66.59B | |||
| Open | High | Low | Value | Volume |
| $21.48 | $21.63 | $21.02 | $156.6M | 7.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2129 | $21.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.63 | 817 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |