G'day Con,
Re: "Can anyone debunk my view?
Not me. Today's nonsense is merely a short term blip, compounded by stop losses and margin calls. There's a win-win to follow:
- Time now for FMG to sink lower quality and / or higher cost competitors - with higher priced IO shortages to follow;
- China's bullying justifies the push for diversified risk and selling to new markets - for both coal and ore:
- No accident ScoMo recently went through two separate fortnights of quarantine after different "heads of state" visits to each of Japan and India.
Nb: Any chance too that FMG has a bucket load of forward contracts based on a recent happier price for IO?
GLTAH, LP
Iron ore price, page-37577
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Last
$26.03 |
Change
0.220(0.85%) |
Mkt cap ! $80.14B | |||
| Open | High | Low | Value | Volume |
| $26.07 | $26.44 | $25.85 | $83.58M | 3.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15212 | $26.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.04 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$25.98 |
Change
0.220 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $26.06 | $26.43 | $25.85 | 555334 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| FMG (ASX) Chart |