Within a whisker of a margin call, so I sold 1.0m AHZ at a small loss, they have margin lending rate of 30.00%, so 70.00% of proceeds used as buffer.
I'm in two minds about offloading some FMG margin rate of 65.00% to bolster margin call buffer and buy back in at a lower price?? Sub $2.00 even
Today's sp movement not as bad as I thought, if it gets below $2.15, I will start to worry, hopefully the afternoon trade wont push price lower.
I think the sudden drop in IO price by 5.00% is a knee jerk reaction to the news that came out of the Peoples Congress meeting about revised GDP of 7.00%
Ann: Fortescue announces multi-billion dollar refinancing, page-80
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $63.67B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17519 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1250 | 2 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |