FMG 1.56% $18.27 fortescue ltd

yep great article I really have a good feeling about where fmg...

  1. 1,235 Posts.
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    yep great article

    I really have a good feeling about where fmg is going.

    I don't want to up ramp so I wont state my upper end estimate of were this stock could sit in 3-5 years

    but seriously I get a strong feel that once this buy back kicks in, grade discount narrows a bit further, iron ore prices hold, a little bit of higher grade ore comes on in a few months we could easily see a 5 handle in 4-6 months.

    Then we have eliwana in a year or so, bear in mind this could be brought on early if they really dig in, could add another 1-2 dollars to share price

    out from there if we see some left field announcement like a new discovery then that could add 2-3 bucks to the share price very easily.

    like ive said many times before this is just a no brainer, buy now set your stop loss and enjoy the ride.

    upside is well and truly more than any downside.

    good luck to holders
 
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Last
$18.27
Change
-0.290(1.56%)
Mkt cap ! $56.25B
Open High Low Value Volume
$18.70 $18.72 $18.21 $313.4M 17.09M

Buyers (Bids)

No. Vol. Price($)
2 45418 $18.27
 

Sellers (Offers)

Price($) Vol. No.
$18.30 1200 1
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Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
FMG (ASX) Chart
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