what is going to be interesting is to see and what price does iron ore have to be for all of this to be of value for FMG in regards to meeting their lines of credit repayments etc. Ive held FMG since IPO and have come in and out and have made alot of money but i truly believe this company is not worth the current share price. In regards to China there biggest issue is not the so called "8% growth" which those numbers and questionable, its more the social unrest that is occurring not to add the fact of other international iron ore project coming online. My share price target is mid $3, again its only my opinion.
what is going to be interesting is to see and what price does...
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |