Just be mindful (possibly for your own benefit) that the last time FMG got down into the $15's, IO got down to like $80/t.
This decline is not really about the IO price... which is still toward the top of its trading range for the last 2.5 years and not even below its April low.
Now that may change, but the dynamics of the last downturn compared to this one are significantly difference.... the last one was point blank fundamentals... this is more of a free float issue (for now).
At some point, funds are going to start flowing from BHP, RIO, VALE etc into FMG if this continues.
Just be mindful (possibly for your own benefit) that the last...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |