Future looks very bright, especially when FMG goes from explorer to producer.
I have read that if RIO and BHP do merge it will then leave the place of second biggest miner in OZ vacant. It was suggested that FMG could be that company.
Of course some of the resource upgrades, near term producer has been factored in but not as much as with most stocks as there has always been so much negative sentiment around. The Aus institutions will start buying once it becomes a producer.
Good on you Bwynch for suggesting $50 as a target. I don't like to hazard a guess but am very optimistic also.
Of course we will have retraces and I intend to buy more on these
how much farther can it run, page-4
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Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $50.95B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.67 | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |