I agree completely with your views about FMG however I am a little concerned with any African moves as I have memories of Australian companies having massive failures there. An initial spend of $200 million isn't too much for us and the forecast of mining ore there this year will be the indicator for me. If ore isn't mined and exported, or if there is another announcement of an additional spend to bring the project online then I will seriously need to consider my position with my long term holdings in FMG.
Ann: Mining Convention Signed for the Belinga Iron Ore Project, page-7
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Last
$18.99 |
Change
0.120(0.64%) |
Mkt cap ! $58.46B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $211.5M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 130177 | 4 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |