So, there was a little fake news on the internet today regarding Evergrande defaulting on a payment, it didn't, apparently it appears the Chinese Govt MAY be conducting a controlled demolition of the company which may take a while. But this news apparently spooked the markets, owing to an expectation iron ore demand may be affected, which it may regardless of the truth of the matter or not.
However FMG went up 8.8%. That's interesting, it's unlikely to be owing to the iron ore side of it's business IMO. They have been very keen of late to get into the green side of things such as hydrogen and nickel. This may be relevant to BSX, particularly as the FMG CEO's sister recently took a position with BSX. I'm certain FMG would love to have a stake in a nickel/cathode precursor refinery. Some major players apparently joined our register in the recent CR and it has been speculated that FMG was one. Could that be the reason its shareprice rose today in spite of the panic surrounding iron ore futures? Wild speculation I know, but there are solid reasons to expect their interest.
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $24.81M |
Open | High | Low | Value | Volume |
4.4¢ | 4.7¢ | 4.4¢ | $9.371K | 208.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20001 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 11516 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20001 | 0.044 |
1 | 114999 | 0.043 |
3 | 103809 | 0.042 |
3 | 318713 | 0.041 |
2 | 125490 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 11516 | 2 |
0.047 | 100000 | 1 |
0.050 | 19300 | 1 |
0.052 | 12006 | 2 |
0.054 | 239111 | 4 |
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