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$25.76 fortescue ltd

Iron ore price, page-702

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spuza12

2,425 Posts.

26

17/04/17

15:18

Post #: 24097980
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Originally posted by ashsixonsix ↑

If I may please point out to you the following to prove the Nev Powers is a one horse pony.

Right now
FMG market cap is $17.126 billion

One month ago
FMG market cap was $23 billion

So all his debt repayments mean nothing and the market keep telling him that but he just refuses to listen.
Twiggy is going to have to step in soon and set this guy straight.

FMG need to do something fast as 58% fe is no longer in the high demand it used to be. The game is now all about 65% 68 fe. The price of that will skyrocket in my opinion to $150 by end of year as more and more 58% fe gets rejected by the market.

There is a lot going on at the moment in this commodity space and I personally think Nev Power has been left holding the door after the horse has bolted.

I have written to him several times and all I get back signed by him is debt reduction and dividend payouts.

There is so much FMG can do that will make it the largest 65% 68% producer if he just listens.

My opinion DYOR

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How can they turn their 58 into 65 or 68?

FMG Price at posting: $5.50 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $25.76		Change 0.190(0.74%)		Mkt cap ! $79.40B

Open	High	Low	Value	Volume
$25.72	$25.86	$25.63	$39.36M	1.533M

Buyers (Bids)

No.	Vol.	Price($)
7	5211	$25.75

Sellers (Offers)

Price($)	Vol.	No.
$25.76	1501	12

View Market Depth

No.	Vol.	Price($)
3	116	25.790
18	6744	25.780
11	2969	25.770
11	3182	25.760
11	7233	25.750

Price($)	Vol.	No.
25.800	18477	34
25.810	5399	16
25.820	29699	19
25.830	66794	9
25.840	8011	9

Last trade - 13.52pm 03/05/2024 (20 minute delay)


Last $25.73			Change 0.190 ( 0.59 %)
Open	High		Low	Volume
$25.72	$25.86		$25.64	514128
Last updated 14.09pm 03/05/2024 ?

FMG (ASX) Chart