Some worry to much in here.
Remember the height of the pandemic when we were told IO would be in trouble the IO
price went way above $200US/T.
Then it was 2022 and the Chinese property market was going to cause IO prices to fall well they were above
$150US/T back then.
Prices are mainly low this time of the year then rise by years end then falls back around April.
More to do with steel inventory that needs to be topped up and that will happen around the start of October.
Go back a year and the same nonsense was posted in here and the usual media earlier like they've been up to again
saying it will be down then it rises.
People that are new to FMG panic and sell while we that have been around for a while seen it all before and hold or top up.
August 28 we get to see our fat divvy again which will be anything from $1.08 to $1.25 in my opinion.
Then the ones that sold early will be full of regret. That will be their lesson to learn.
I suspect IO will be above $130US/T by years end again.
Some worry to much in here.Remember the height of the pandemic...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |