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
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$24.32 |
Change
-0.460(1.86%) |
Mkt cap ! $74.88B | |||
| Open | High | Low | Value | Volume |
| $24.38 | $24.51 | $24.16 | $140.9M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16891 | $24.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.32 | 985 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$24.35 |
Change
-0.460 ( 1.45 %) |
||||
| Open | High | Low | Volume | ||
| $24.37 | $24.50 | $24.16 | 706126 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| FMG (ASX) Chart |