It will turn into a daytraders plaything, institutional investors would already be heading towards the exits, this will collapse just like all the other IO miners have / will.
There is no possible way that FMG can lower it's cash cost per tonne to Rio or BHP levels.
And their ore is substandard compared to the premiums the majors can sell for.
It's death by a thousand cuts for FMG shareholders.
All imo
why would anyone hold Fortescue after all these oversupply comments, page-13
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |