Hi Buy, was talking today to the manager of a metal consulting group who was their guru of IO. Was wanting to subscribe but way out of my league in fees. However he was kind enough to ask me a few question on what I wanted and why. So I asked him will we see IO at $80. The answer is not likely, not even last year got that low. The reason he gave is simple and already known by most but was good to hear from someone in the know. When IO hits $100 many of the China mills simple shut up shop and stop supplying. That drives up demands and hey pesto up goes the price again. He thinks that $110-120 is the new norm and at those level FMG is well within its forecasts.
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Last
$18.76 |
Change
0.060(0.32%) |
Mkt cap ! $54.31B | |||
| Open | High | Low | Value | Volume |
| $18.73 | $18.80 | $18.51 | $29.07M | 1.554M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1068 | $18.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.77 | 4205 | 18 |
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| Last trade - 14.20pm 29/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
