Why? I note you are not a holder AnDy but I'll still hear you out. I've got an open mind on whether a minority sale is a good idea. I'm pretty sure it would boost share price in the short term, even discussing doing it is likely to do that in a stock that carries as many traders as FMG (because its a pure iron ore play), but this is near the bottom of the mining cycle and probably about the worst time to get a good price for assets. So I can't imagine Forrest is keen on selling down now.
Why?
Iron Ore Price, page-1591
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |