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
$27.24 |
Change
0.300(1.11%) |
Mkt cap ! $83.87B | |||
| Open | High | Low | Value | Volume |
| $27.33 | $27.50 | $27.16 | $96.28M | 3.521M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 976 | $27.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.27 | 2423 | 2 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$27.29 |
Change
0.300 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $27.35 | $27.50 | $27.16 | 507006 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| FMG (ASX) Chart |