What a lot of these new shorters and traders fail to see is it had been heading north well before Vale. They are trying to blame their loses on anything but there own silly mistakes and convince others that eventually they might be right. I've been on this thread for a long time and I've seen these clowns come and go.
FMG is heavily influenced by China, China have produced an extra 100 million tons of steel in the last 12 months (10%) and that demand combined with how well managed we are is the 2 factors that some keep failing to see while hitting buttons or rubbing a crystal ball. It's always provides some comic relief when a new circus clown comes to town.
Iron ore price, page-9572
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |