lookandsee
I understand your long term view. I agree in long term (1-5 years) FMG share will be more than $6 actually.
But in short term (within 6 month), I am more concern about the impact of tightening iron ore trader finance and decrease of house price and trading volume in China. and I believe these events will have a big impact on pure iron ore producer like FMG, AGO.
By the way, someone said FMG is earning $40/t. I don't know how they get this number. But I just want to point out FMG's product is much lower grade than BHP,and RIO. the fines FMG is selling is not worth $108/t, but probably at $90-95/t I would assume. also when the supply is more than the demand, they have the chance of losing customers if you can't provide the good quality of supply. That's the risk FMG may need to meet.
Stephen
lookandseeI understand your long term view. I agree in long term...
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.33 |
Change
-0.165(0.94%) |
Mkt cap ! $53.29B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $120.4M | 6.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 12847 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 10887 | 56 |
View Market Depth
| Last trade - 15.06pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |