the big boys are making big dollars out of FMG
The big dollars are not in the bank until they buy back their shares on the market. Shorters are buyers in the wings. I'm quite happy to see a high short position at the current price.
In 2012, the shorters made a huge mistake. They sold short in the belief that FMG's stress would force it to make a share issue at a bargain price. That was never going to happen. And the company is much stronger now than it was then, with no major repayments due until 2017.
BHP, Rio won’t knock us out, page-13
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |