FMG 1.24% $21.59 fortescue ltd

fmg is flying!, page-3

  1. 6,072 Posts.
    Linkman, whats your point? I was just surprised to see it on my live screen flying and just wanted to alert FMG holders, posters, detractors, supporters that the price was flying.

    Not OK with you?

    Personally I believe it might be Twiggy instructing his brokers to buy up FMG to support the stock or......

    Maybe a capital raising by way of a rights issue is in the offering. I saw this happen with Alumina. The exact same thing occured before the rights issue was announced and it was announced after the close of the market.

    What was the rights issue for? Funnily enough it was to raise capital for its projects with AWAC and to reduce debt.

    What happened then? Price went south.

    Just my thoughts........
 
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$21.59
Change
-0.270(1.24%)
Mkt cap ! $66.47B
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$21.71 $21.80 $21.51 $95.00M 4.393M

Buyers (Bids)

No. Vol. Price($)
2 7115 $21.56
 

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Price($) Vol. No.
$21.59 4291 2
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