It's really good with the speculation of FMG might taking over AGO. Gina offered.. now MIN has to counter... and FMG "might" counter? end up in a bidding war... and bidding war keeps FMG share price down. Which is good for people who want to accumulate
Long-term FMG will upgrade ore to 60%.. China wants high grade... but cannot get enough volume( seen some article).. bidding up high-grade ore erodes profitability... Twiggy in the Boao forum would have "discuss" this with China.. and 60% higher grade fines... will do the job. maybe get away with current legislation and China can continue with the VOLUMES.. producers get away with legislation... FMG gets more money with the higher grade ore....
and for us? Laughing all the way to the Iron Bank..
Iron ore price, page-6240
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Last
$17.74 |
Change
0.245(1.40%) |
Mkt cap ! $53.85B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.74 | $17.51 | $12.51M | 711.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4716 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.74 | 2387 | 11 |
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| Last trade - 10.14am 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |