I wonder why some think a BHP takeover is not logical or probable. BHP has the cash and they have run from Rio's debt. They have stated that they require greater port infrastructure, including a feasibility study. Wouldn’t FMG be the logical target? BHP would probably get the rail and mine for next to nicks if you took into account the huge capital costs to upgrade the existing and develop a new port. They have the ore, just need the ability to rail and load it on ships. My opinion only, guess time will tell.
what is happening with fmg, page-56
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |