It's never just one buyer for $2.0 billion worth of stock. The selling broker would have set an auction price and canvassed local and offshore institutions
to bid into the block trade. Unfortunately for current holders the price to move $2b worth of stock came in at $18.55. That is a bargain i think.
Iron ore price, page-53392
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Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |