Why is this share price sub $5 (really should read sub $7)when over the next few years iron ore is considered to stay within the range of $120-140/tonne.
Do the maths on the low end of that range....155mtpa with a profit margin circa $50/tonne. That's a big number, and in comparison to previous years profit i'm just blown away. This stock is great evidence of how shorters can manipulate. I know there's a lot of trepidation in the market, but this is ridiculous.
IMO this is seriously undervalued for anyone with a mid-long term view....you can't be generating profits reflecting more than $1.50 a share and stay at anything near these levels. Resource boom over? Pffft. China is still growing at 7% annually. At that rate it will double in 10 years from its CURRENT BASE. Yet again "every last drop" shipped has been swallowed up.
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FMG
fortescue ltd
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1.82%
!
$16.26

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Last
$16.26 |
Change
0.290(1.82%) |
Mkt cap ! $50.06B |
Open | High | Low | Value | Volume |
$16.30 | $16.33 | $15.98 | $103.9M | 6.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13300 | $16.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.27 | 4048 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13300 | 16.250 |
1 | 1860 | 16.240 |
1 | 100 | 16.230 |
3 | 28571 | 16.220 |
1 | 100 | 16.210 |
Price($) | Vol. | No. |
---|---|---|
16.270 | 4048 | 4 |
16.280 | 13354 | 7 |
16.290 | 23937 | 11 |
16.300 | 75649 | 34 |
16.310 | 4306 | 2 |
Last trade - 16.16pm 03/07/2025 (20 minute delay) ? |
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CCO
THE CALMER CO INTERNATIONAL LIMITED
Matthew Kowal / Andy Burger, CCO / Head of E-Commerce
Matthew Kowal / Andy Burger
CCO / Head of E-Commerce
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