FMG weren’t always a large cap and had their fair share of negative sentiment at times. FMG started with one mine also. The timing of FMG’s rise coincided with the compounding growth of China.
PLS timing was six months ahead of the demand kicking in and that has hampered staged growth and cash flow. The BOD are taking the necessary actions to see this through.
https://www.abc.net.au/news/2005-04-01/fmg-stands-by-iron-ore-agreements-with-china/1543544
AFR: $60m cap raise at 30c, page-371
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$2.90 |
Change
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Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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