Not wise to compare BHP /Rio to FMG at present....
FMG is an up and coming alternative to the big blue chips for punters.
Keep in mind many average punters cannot afford to own many RIO but as most who trade are gamblers they are able and quite willing to back FMG because they can afford the entry price especially when it was under a dollar.
Plus to boot, FMG has plenty of ore in the ground so its a lightly T/O target, in fact as i keep saying a definite T/O target in my opinion.
When that happens you watch the real interest start and spike the price through the roof way above its valuation price.
When this will happen I dont know but within six months or so I would suspect, i maybe wrong but my thinking is before any new major rampup...anyones guess currently in this market climate.
The ar$e of the market could fall out and FMG could head under $2.00...then I would buy in still and wait cause its only a matter of time before its swallowed up by Vale who need a good long term position in the Pilabra.
Good luck,
Dumper.
Not wise to compare BHP /Rio to FMG at present....FMG is an up...
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |