It always seems to drop in the months of June/July most years.
Last July it got just under $20 a share and I am expecting it to do it again.
Its buy time now but I figure it will go lower even though BHP/RIO are going up along with the IO price.
This time next year they'll be pumping out more iron ore due to then being allowed to sell 210 million tonnes over
182 million tonnes.
They have other income streams forming too.
So I'll top up maybe soon or in July when it seems to drop hard.
Get the odd year when it bounces in July so have to keep a close eye on that.
Soon as it goes below $21 I am buying in quite a few shares.
The dividend is likely to be about $1.08
Come time of how much money FMG made and it will shoot up quite fast past $28 a share.
Iron ore price, page-52510
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Last
$17.75 |
Change
-0.200(1.11%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $17.91 | $17.54 | $136.4M | 7.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.77 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |