It could be true Prancer for all we know which would explain the significant pressure the SP is coming under.
Rememeber usually those in the know will either buy or sell before the sheep do.
I have a sneaking suspicion something negative is up and the company isn't disclosing it yet and those in the know are exiting their positions, I sincerely hope I'm wrong as I'm in at $5.01 but the current trading pattern in FMG does suggest something isn't quite right in my opinion but again definately hope I'm wrong.
Iron ore price, page-4516
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 (20min delay)
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Last
$22.61 |
Change
0.685(3.13%) |
Mkt cap ! $69.55B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $85.17M | 3.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2770 | $22.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.61 | 624 | 3 |
View Market Depth
| Last trade - 14.04pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |