No way. The junior iron ore miners like Atlas, BCI and Mount Gibson will fall into the abyss long before Fortescue will. I have faith in Twiggy, he's a smart man and good at chess too. He bought $11 million worth of shares a week ago and if FMG were going under he'd be buying an $11 million golden parachute instead. It's all about cost cutting now and being business savvy. They seem to be doing that well so far, and I think having sole focus on IO is an advantage, they are not being attacked from all sides like BHP and RIO are. Buying FMG at anything under $4 is a bargain - they own a frickin' airport and full end-to-end supply chain (I want an airport). They'll be a stock to watch in 2015.
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Last
$16.23 |
Change
0.105(0.65%) |
Mkt cap ! $50.09B |
Open | High | Low | Value | Volume |
$15.98 | $16.29 | $15.91 | $83.36M | 5.162M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 5235 | $16.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.23 | 6085 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 11178 | 16.260 |
16 | 9351 | 16.250 |
17 | 10079 | 16.240 |
18 | 11418 | 16.230 |
10 | 6657 | 16.220 |
Price($) | Vol. | No. |
---|---|---|
16.270 | 7610 | 20 |
16.280 | 8509 | 13 |
16.290 | 18488 | 23 |
16.300 | 18070 | 21 |
16.310 | 19932 | 18 |
Last trade - 13.57pm 09/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |