No the maths just doesn’t add up here.
Last time i purchased FMG at $15 mark was when there is no no news of Chinese lock down going to be lifted sooner. Then 1 months later boom the lockdown lifted and FMG gradually went to almost $30
With the current Distribution on dividend and IO price. It simply not supporting the $15 SP.
If it does don’t be surprised someone making a large position.
IO price looks like it’s on the move again. Bottom line I think $21 will be the lowest with the next dividend at $1.03
Iron ore price, page-52606
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |