I love all the positive talk regarding this stock. Just keep in mind that even if FMS became a bigger IO stock, the world will have a big oversupply of IO in around 4 years time. Think of the ramping of production in Australia, Brazil and Africa. By then the Chinese will have control of the entire supply chain, so expect prices to be at or near to all time lows, so as a result I would not be investing in FMS or any IO stocks at that time.
In the meantime i'm enjoying the great run of this company.
world oversupply of io in 4 years time
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Last
87.0¢ |
Change
0.030(3.57%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 87.0¢ | 84.0¢ | $3.179K | 3.714K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1704 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 1323 | 1 |
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| RHK (ASX) Chart |