Harbinger have stated on more than one occasion they are wanting to sell part of their stake. I have no idea what price they expect but as foundation members of FMG they will make a decent profit anyway.
It is quite likely they will sell to a Chinese steel maker. But the transaction will be 'off market'. This is when the holder sells direct to purchaser at an agreed fixed price. Practice is common when a huge transaction takes place so as to not overly affect company SP.
old news but interesting, page-2
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |