So a smart move would be to invest in cost saving measures that will improve margins if price stays low. And perhaps diversity into new industries so that long term the company has other revenue streams. That seems like smart business to me.
If only FMG had the foresight to do this before other big minnes.........
Iron ore price, page-47886
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Last
$20.02 |
Change
0.550(2.82%) |
Mkt cap ! $61.64B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $20.47 | $19.51 | $210.5M | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 74300 | $20.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.03 | 100000 | 2 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |