Indian you know i agree with half the things you say but your tone hasn't changed with the turnaround in SP, You know yourself i was also bad mouthing FMG few months ago.
Your sentiment isn't going with the trend, 3 months ago since they announced 60.1%Fe plus push into new commodity was the turn around
3 Month returns:
S32 -5.14%
BHP -3.60%
RIO +4.49%
MIN +6.90% (only because they found a buyer otherwise negative performance)
FMG +13.32%
I was banging on for months that FMG hadn't ann a positive ann in about 2 years, Week or two later we got the eliwana ann.
Then buy back, they were half asleep but have woken up and mkt has taken notice.
It seems they were hedging all the above stocks against FMG and now the hedges are unwinding cause twiggy got of the rocking chair.
FMG Technical Analysis, page-2244
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Last
$18.88 |
Change
-0.210(1.10%) |
Mkt cap ! $58.13B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.26 | $18.80 | $114.8M | 6.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2485 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.91 | 185 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |