Bought more today at $3-735. This is well run company that has introduced innovative technology - driverless trains and trucks, looks after their staff, has it's own iron ore carriers so flexibility with markets In future and lowest cost basis for iron ore production.
iron ore in demand, sells all it can produce, iron ore sitting on $70US, protected against falling $AU, discount for 58% ore reducing, introducing 60% ore starting in December, low P/E, excellent dividend, international demand for Steel for infrastructure, honest and committed management, lots of tenements, exploration in WA, NSW and South America. Diversity is main short term goal.
Very low debt, long term debt structure, strong cash flow.
What more could you ask for?
Regards,
Kangaroo1
Bought more today at $3-735. This is well run company that has...
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Last
$21.67 |
Change
0.040(0.18%) |
Mkt cap ! $66.72B | |||
| Open | High | Low | Value | Volume |
| $21.64 | $21.79 | $21.40 | $112.3M | 5.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31555 | $21.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.68 | 4937 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |