True, but if the commodity price halves they have to produce twice as much production to make the same return, not to mention that ramping up production costs more in overheads. I know first hand that it's not nice when someone doesn't agree with the cheerleaders, all I'm saying is i will buy FMG but not until this whole scenario plays out. The guy i commented on yesterday was making crazy predictions of a $21 shareprice for today, surely the forum needs some balance?
Iron ore price, page-54248
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Last
$18.44 |
Change
-0.190(1.02%) |
Mkt cap ! $56.77B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.95 | $18.12 | $237.9M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $18.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.45 | 4950 | 4 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |