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AJ7

16,046 Posts.

1188

28/08/24

21:20

Post #: 75423047
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Originally posted by wooshaa: ↑

dilemma on APX still ... can't make myself to pull the trigger at these levels ,
saw your charting just before the last quarterly , it broke the mini trendline down to 40c and off she goes after the reporting ,
see if i get the chance on revisit 43c for closing the full gap , or let it runaway.

yeah, FMG mostly iron ore pureplay with over 80% exposure to China as its entire revenue source, as oppose to just over half for BHP/RIO and iinm their ore is of lower grade/margin than BHP too.
BHP was already downbeat on iron ore before this, expanding onto potash / copper / nickel but still, all commodities got hit bad till have to close their nickel mines of late.
RIO still upbeat that India / other emerging, will pickup China's slack.

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I guess FMG is a missed OP.

You were saying something about SGR? New casino in Brisbane will turn it around but too much regulations & current economic Conditions are hostile? I remember they hire Crown CEO recently, talented guy!

worth a shot?
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