FMG pursues new opportunities in minerals and energy commodities
Andrew ''Twiggy" Forrest has called the bottom of the cycle for minerals development, and vowed to create a new venture to collect abandoned and undeveloped mineral projects across Australia. Metallurgical coal deposits could well be in his sights as an additional commodity to his existing marketing platform. Coal also provides a level of diversity at a relatively low cost. Both Anglo and Peabody have Metallurgical coal deposits up for sale.
The likes of Cockatoo could be play, as they only need to do a deal with Noble to get them most of the leverage.
Bandana is a possibility if done as a share swop (No cash) transaction.
FMG on the hunt
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$21.41 |
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-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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