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.
You reckon the price is going back up? I don't know, not many...
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |