Iron ore price to be US$65.60 a tonne at end of 2014 / beginning of 2015. $AUD to be worth $0.818 USD. FMG to fall to around $2.44/share at this time.
The X factor for FMG and other iron ore producers next year will be the value of the AUD. I'm predicting a surprise interest rate cut (or two) here in OZ early-mid next year and the AUD to fall below $0.75 USD approaching mid 2015. Iron ore producers like FMG could see their share prices stage a major turnaround under such a scenario, particularly if the price of iron ore stays above USD$65/tonne.
I hold no shares in FMG nor any other iron ore producers nor do I have any short interest positions in this market.
Iron ore price to be US$65.60 a tonne at end of 2014 / beginning...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |