No chance. Absolutely ridiculous comment imo. Twiggy wouldn't sellout for $8 and even at that low price there aren't any suitors with deep enough pockets to fund a $25b t/o who also have an Fe shortage and no FIRB issues. FMG will get to $8 (and well beyond) without a t/o provided it successfully executes its 150mt ramp up and FE prices stay >80/t. Thanks for the comment though Farmboy I've added the 'advisor' Macdonald to my list of idiot brokers to ignore as they don't seem to understand the market they're paid to comment on.
fmg takeover target?, page-2
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Last
$20.02 |
Change
0.550(2.82%) |
Mkt cap ! $61.64B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $20.47 | $19.51 | $210.5M | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 74300 | $20.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.03 | 100000 | 2 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |