Hi Frank
While the short term has been tough for many and it might continue and worsen. I still see a young company that now has time on its side.
Due to operational efficiencies and getting the balance sheet in order. ( imagine the share price reaction if they had not been paying down the debt?) they have the time and the financial strength and ability to grind out a low iron ore price.
The long term looks fine. I do agree that the grade issue and price realisation in the last quarterly is a worry.
Management has proven there ability to excel in the FE market.
Time.
Just the the views of a long long... who does not trade.
Iron ore price, page-741
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Last
$26.05 |
Change
0.380(1.48%) |
Mkt cap ! $80.20B | |||
| Open | High | Low | Value | Volume |
| $25.80 | $26.22 | $25.79 | $125.7M | 4.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10772 | $26.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.08 | 1300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$26.09 |
Change
0.380 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| $25.81 | $26.22 | $25.78 | 876694 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| FMG (ASX) Chart |