The more negative posts I see the more I am likely to buy in. I do not think we will see a drop in the share price as low as5 dollars. Why?
Inflation. 5 dollars in 2017 is definitely not worth the same today. The company has assets and those assets will be worth more. Then we have 2 additional mining operations that were not around back in 2017 or 2018.
Iron bridge is a massive asset for example. Capital invested into it in the last 6 years from out profits.
Less overal debt is held compared to 2017 or 2018.
I feel assuming at least marginal profitability. That could be as low as 60USD per tonne prices. Then I do not think it would drop below 8 dollars.
At around 90 USD per tonne the FMG price should not go below 12 or 13 dollars.
The more negative posts I see the more I am likely to buy in. I...
-
- There are more pages in this discussion • 1,603 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.12 |
Change
-1.430(7.31%) |
Mkt cap ! $55.79B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.12 | $253.5M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14492 | $18.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 25635 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |