Lets face it we have received very strong prices in Jan and Feb,sure March has been volatile so far but it is still likely to average 110 for 62%Fe,which means we are still printing money.SO MUCH PESSIMISM for no good reason.Steel production is increasing,supply out of Africa is a long way off getting to the stage of affecting seabourne supply volumes from the big 4.
Unless it drops to sub 80 usd,which means everyone apart from the big 4 are struggling to make a buck and stay in business,we will still be profitable and paying 65% back of whatever that profit is.
Great well run business with an improving asset base is my view.
Dyor,nfa
Gordy
Lets face it we have received very strong prices in Jan and...
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Last
$26.32 |
Change
0.660(2.57%) |
Mkt cap ! $81.03B | |||
| Open | High | Low | Value | Volume |
| $25.92 | $26.32 | $25.83 | $102.7M | 3.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5850 | $26.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.32 | 12010 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$26.19 |
Change
0.660 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| $25.92 | $26.29 | $25.84 | 1287651 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FMG (ASX) Chart |