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?
True, but if the commodity price halves they have to produce...
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Last
$18.88 |
Change
-0.210(1.10%) |
Mkt cap ! $58.13B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.26 | $18.80 | $114.8M | 6.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2485 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.91 | 185 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |