Feel that low 20's is a much better lower risk entry into FEX imho (if I was going to consider to take a position here as iron ore price may well capiluate into fy24/25 & beyond).
Most articles I've read warn of "doom & gloom alarm bells" regarding the near term future of Oz iron ore miner's.
I tend to think given the downturn in China & looming massive simandou high grade A+ iron ore supply to hit the global market that the party is somewhat over for Oz miner's. Hope I am wrong as only my opinion & research.
Price of Iron Ore, page-1710
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.8¢ | $167.9K | 622.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1172652 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 30000 | 1 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |