I don't think for a second that the Russians could (FIRB) be allowed to take over, but a significant increase in holdings could be on the cards. As in the case of the Chinalco group on 9% effective holding, they could go to 15% without FIRB approval, in their case they have sought approval to go to 19.9%. If it can happen to BHP, why not FMG?
Personally, I think FMG is more vulnerable to a BHP or RIO or Vale takeover given they are the largest pure iron ore play in Australia. I think it is a case of cheaper to buy than develop particularlly given the cost synergies that could result. Also no FIRB problems. It would also take away that pesky competition issue of rail inferstructure. I believe that Twiggy could be persuaded to sell part if not all his holding to a siignifiant corporation in a line.
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B |
Open | High | Low | Value | Volume |
$21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 17454 | $21.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.35 | 336 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 17454 | 21.310 |
1 | 200 | 21.300 |
1 | 120 | 21.280 |
3 | 4400 | 21.270 |
2 | 14100 | 21.260 |
Price($) | Vol. | No. |
---|---|---|
21.350 | 336 | 1 |
21.380 | 1489 | 3 |
21.390 | 2200 | 1 |
21.400 | 450 | 1 |
21.410 | 375 | 1 |
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