There is a few big question to be asked;
1. The sale was NOT in the market as it took place after/before market hour. Now the person/s who bought this (unless its 'related' party) are smart as they didn't buy at or near ATH that wasn't long back !
2. Person/s sold this now are imo not trying to manipulate the market, had they wanted they would have sold this when it was $30, they would have had 50m x $10 more into their pocket !!
3. Because of this transaction, there are two possibilities that are a. the SP plunge (omg what an opportunity this would be for the wise LTHs) b. nothing happens as this has NOT changed FMG's operational performance and their quest to diversify !
4. And whatever happens, hey knee-jerkers, at least THINK and ACT rather than jumping the gun now and regret later as always !!
FMG is a go !!
Iron ore price, page-52473
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |