No way. The junior iron ore miners like Atlas, BCI and Mount Gibson will fall into the abyss long before Fortescue will. I have faith in Twiggy, he's a smart man and good at chess too. He bought $11 million worth of shares a week ago and if FMG were going under he'd be buying an $11 million golden parachute instead. It's all about cost cutting now and being business savvy. They seem to be doing that well so far, and I think having sole focus on IO is an advantage, they are not being attacked from all sides like BHP and RIO are. Buying FMG at anything under $4 is a bargain - they own a frickin' airport and full end-to-end supply chain (I want an airport). They'll be a stock to watch in 2015.
Worst case value 70- 92cent, page-20
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Last
$16.11 |
Change
-0.015(0.09%) |
Mkt cap ! $49.84B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.29 | $15.91 | $64.71M | 4.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5519 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.11 | 5063 | 22 |
View Market Depth
| Last trade - 12.30pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |