The last fall in this stock was the same as this one:
IO prices coming off as Chinese banks squeeze smaller steel mills about credit. Zero hedge has some good articles on this if you are keen. Borrowing against iron sore stock piles is the theme off the top of my head.
So this is in the media this week again, will it last is the question.
CK
http://www.zerohedge.com/news/2014-04-28/iron-ore-prices-tumble-china-crackdown-begins
Note the 2 recent dips in prices
what happened?, page-53
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| FMG (ASX) Chart |