"India ending Fe sales to China"
WRONG. Read the article again - someone of interest has just made the observation that India *may* wind up IO export within the next five years. "I don't think...", "I feel...".
Whilst the above article is VERY bullish for FMG if it were true, nothing official has been announced or developed yet. If that were the case, I'd be long as the 155 Mtpa would be looking very achievable. OH, and the SP would be north of $5. The market didn't react to that article, and therefore neither should you.
" the uptick in spot Fe price today "
Oh wow, it went up by 0.35% yesterday. BUY BUY BUY! IO price is down 23% from just a few months ago. Use your head.
"broader market sentiment that Euroland are going to have a workable plan at weeks end increases the upward pressure on FMG"
Broader market sentiment has been pathetic so far - but yes, if the summit comes up with more intervention I can safely see FMG performing very well. We shall see!
"Shorters beware."
Been hearing that in every post since Oct.
is this the worst on the market?, page-62
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |