My reasons:
Vale bringing on low-cost capacity, combined with fall in Real, will make FMG the marginal producer
China imports 2/3 of the world's iron ore, but one of their biggest met coal producers (Longmay) just sacked 100,000 of their 240,000 staff. Nobody believes their 7% GDP growth numbers
Based on current FX, FMG owes over $10B AUD
Losing money and can't pay the mortgage. I believe shares will go to zero eventually but comfortable predicting $1 by EOFY16, 50c certainly possible.
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My reasons: Vale bringing on low-cost capacity, combined with...
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Last
$17.49 |
Change
0.300(1.75%) |
Mkt cap ! $53.85B |
Open | High | Low | Value | Volume |
$17.34 | $17.56 | $17.13 | $141.9M | 8.137M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 286 | $17.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.49 | 26714 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 286 | 17.450 |
3 | 5306 | 17.400 |
3 | 99838 | 17.390 |
3 | 22791 | 17.350 |
1 | 2000 | 17.340 |
Price($) | Vol. | No. |
---|---|---|
17.490 | 26714 | 5 |
17.500 | 9903 | 6 |
17.510 | 27052 | 2 |
17.520 | 5923 | 2 |
17.540 | 21518 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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