if they are going to invest $3bn then that sounds like a right issue....which will dilute current shareholders in the short term ......
even with the opportunity for current shareholders to participate
the rise in the SP seems to be a result of:
a). FMG securing working capital
b). mistaken assumption this is a takeover ala RIO ....
a 10-20% discount to VWAP would put a rights issue somewhere around $2.60ish .....
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Last
$16.55 |
Change
0.250(1.53%) |
Mkt cap ! $50.95B |
Open | High | Low | Value | Volume |
$16.50 | $16.58 | $16.31 | $81.85M | 4.973M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 9511 | $16.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.55 | 10445 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 12891 | 16.540 |
14 | 8422 | 16.530 |
11 | 8303 | 16.520 |
10 | 7126 | 16.510 |
15 | 15216 | 16.500 |
Price($) | Vol. | No. |
---|---|---|
16.550 | 6867 | 11 |
16.560 | 21871 | 30 |
16.570 | 16313 | 25 |
16.580 | 24720 | 23 |
16.590 | 13982 | 15 |
Last trade - 13.54pm 12/09/2024 (20 minute delay) ? |
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