This is an excellent news that the government changing its policy to support green hydrogen production. An outstanding news for FMG . I am amazed it didn’t get as much attention as it should! Refreshing the policy means FMG will become much more competitive for exporting green hydrogen in the global market Based on this news SP should go up , if not tomorrow because of ex-dividend day but in the next few weeks . I wouldn’t be surprised if the SP will break over 26 before next dividend with the IO at these levels (around 120). FMG is a go .
Australian Government reviews Hydrogen Subsidies, page-5
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |