Fortescue success was driven by china and hyper inflated iron ore prices. Iron ore prices will fall to around $40 to $50 ton by xmas if not sooner. I beleive we will fall back to 2003 prices when the world economy was sluggish. BHP has shown no interest in FMG because costs are too high. FMG has way too much debt and even if that debt was paid down those investors would likely be left with an unperforming asset at long term resource prices.
In my opinion FMG is a very expensive volcano stock.
Do your own research this is just my opinion.
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Last
$19.22 |
Change
-0.780(3.90%) |
Mkt cap ! $59.17B | |||
| Open | High | Low | Value | Volume |
| $20.07 | $20.07 | $19.11 | $230.2M | 11.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39737 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.24 | 1039 | 3 |
View Market Depth
| Last trade - 16.20pm 26/08/2025 (20 minute delay) ? |
| FMG (ASX) Chart |