While the native title impact is clearly close to negligible in commercial terms (as per FMG's announcement), management clearly mis-judged FMGs position, so there is a reputational hit.
FMG's share price though more likely to have been negatively impacted by weaker performance of lower grade ores, and the likelihood of the recent (smaller) spike being sustained.
FMG Technical Analysis, page-40
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Last
$18.98 |
Change
-0.190(0.99%) |
Mkt cap ! $58.74B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.17 | $18.92 | $41.34M | 2.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 151 | $18.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.99 | 2159 | 9 |
View Market Depth
| Last trade - 11.16am 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |