Who exactly are crooks?
FMG formed an aggressive expansion plans based on assumptions about the future iron ore price. The stock has always been high-risk given that assumptions can turn out to be incorrect.
Given the sudden and material fall in the price of ore, the company is taking action to reduce pressure on the balance sheet.
There is no corruption or deception. Management are dealing with an evolving situation.
In a perfect world assumptions would all be completely accurate, there would be no risk and stocks would be priced to perfection.
Welcome to the real world.
talk of talks, page-7
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Last
$22.55 |
Change
0.070(0.31%) |
Mkt cap ! $69.18B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.60 | $22.21 | $59.51M | 2.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 8646 | $22.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.55 | 1648 | 9 |
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| Last trade - 15.52pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |