The problem is, with all the debt they have they could potentially go out of business in just a few years!
If that starts to look like the case then they are worth nothing!
BTW $20 is entirely possible!
Who says RIO and BHP won't start selling their product at a big loss for a while!
My view is we are in for another bounce sometime in the next month,
but I wouldn't bet on it.
Greece is part of the EU the biggest economy in the world!
If it goes bankrupt {which looks likely} the EU will also have more problems with some of these other countries like Spain and Slovenia.
On their current course we are looking at a 2008 event!
fe sub $50, page-22
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |