Main thing at the moment is preservation of Capital.
Suspect that within months FMG will have no option other than a cr, at around $2.
Read Wednesday's AFR. Confirms that at $90pt FMG loses money.
FMG are holding out for the IO price to return to well over $110pt. These are the same guys who stated that $140 was a floor. The world according to FMG.
Stated in June that a target price of $2 was 50:50.
Nothing has changed except that it is now a higher probability.
possible scenario, page-3
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Last
$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |