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$27.50 fortescue ltd

Iron ore price, page-777

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DrDante

564 Posts.

18/04/17

23:03

Post #: 24127506
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Originally posted by ashsixonsix ↑

If I may please point out to you the following to prove the Nev Powers is a one horse pony.

Right now
FMG market cap is $17.126 billion

One month ago
FMG market cap was $23 billion

So all his debt repayments mean nothing and the market keep telling him that but he just refuses to listen.
Twiggy is going to have to step in soon and set this guy straight.

FMG need to do something fast as 58% fe is no longer in the high demand it used to be. The game is now all about 65% 68 fe. The price of that will skyrocket in my opinion to $150 by end of year as more and more 58% fe gets rejected by the market.

There is a lot going on at the moment in this commodity space and I personally think Nev Power has been left holding the door after the horse has bolted.

I have written to him several times and all I get back signed by him is debt reduction and dividend payouts.

There is so much FMG can do that will make it the largest 65% 68% producer if he just listens.

My opinion DYOR

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Who are the existing best producers of 62,65 and 68 Fe? Please rank in order of cost to produce.

FMG Price at posting: $5.09 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $27.50		Change 0.490(1.81%)		Mkt cap ! $83.16B

Open	High	Low	Value	Volume
$27.64	$27.67	$27.50	$13.38M	484.4K

Buyers (Bids)

No.	Vol.	Price($)
3	436	$27.49

Sellers (Offers)

Price($)	Vol.	No.
$27.51	928	6

View Market Depth

No.	Vol.	Price($)
3	723	27.470
7	1226	27.460
2	176	27.450
4	968	27.440
6	1553	27.430

Price($)	Vol.	No.
27.480	693	5
27.490	1425	11
27.500	2723	9
27.510	565	6
27.520	509	5

Last trade - 10.08am 22/05/2024 (20 minute delay)


Last $27.46			Change 0.490 ( 1.99 %)
Open	High		Low	Volume
$27.64	$27.66		$27.44	57554
Last updated 10.28am 22/05/2024 ?

FMG (ASX) Chart

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