You reckon the price is going back up?
I don't know, not many people predicted the boom either. But in any event, it doesn't need to. The company is making money now, and is on a massive cost cutting exercise. If it can weather the storm, - and that looks a done deal, - then when prices do turn up, they will be lean, mean, and efficient.
A lot of smaller, later startups will not be in business then, and the biggies will have a field day. Its the usual shake-out cycle that I have seen many times before. And its amazing how people always predict falling prices to fall further, and rising prices to keep rising forever.
Nobody predicted Fe to hit $150 when FMG started out.
YES china is still growing + there is Strong demand for everything !!! it will last forever !!!, page-39
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |