"this would be why forest hasn't been buying any shares since he got his 1 billion dollar dividend cheque"
...or keeping it to fully fund this project.
Don't forget only 10% is funded by FMG, the rest pretty much out of his pocket.
When FFI goes 'online' we benefit only 10% so FMG shares are not exactly going to the moon with this.
Who knows Twiggy might never make an IPO and keep it private, well I hope not but to buy FFI I would have to offload FMG and I would expect others would do the same.
Question is if the green steel production going to be under FMG or FFI?
FFI provides the energy but FMG should make the steel with it IMO but that all lies with Dr Forrest.
Forrest to build massive hydrogen, wind, solar and cabling factory in Queensland, page-9
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |