Andrew seems to be suffering from paranoia. He thinks Rio/BHP are flooding the market trying to kill his company. I suspect that's why we get the bluff and bravado about how FMG isn't even breaking a sweat, will be here for many years, making $1.6b per year blah blah blah.
He thinks (I think) if he can get rio/BHP to believe they can't squash his company they will relent and the IO price will bounce back.
It all makes sense, it's a game of poker.
Sadly for Andrew, I don't like his hand here.
cheapest cost in world ?, page-2
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.08 |
Change
0.200(1.06%) |
Mkt cap ! $58.93B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.19 | $18.97 | $24.73M | 1.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1915 | $19.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.08 | 2179 | 8 |
View Market Depth
| Last trade - 11.51am 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |