BHP would never buy FMG, nor would RIO. Not to mention FMG trades at a premium to BHP and RIO. When it shouldn’t. Then you’ve got a blocking shareholder: Forrest with well over 20%.
BHP would be better off increasing tonnage organically, which it’s looking at now. Fmg is an inferior product and if the market turns like it did 2015-2018 it’ll be in trouble with discounts and low grade. Remember it wasn’t so long ago FMG was looking at mixing its low grade ore with Vale to address grade issues and discount. Don’t get me wrong, it prints $ at these prices, but not when it’s $60.
BHP would never buy FMG, nor would RIO. Not to mention FMG...
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Last
$43.27 |
Change
-0.150(0.35%) |
Mkt cap ! $220.4B | |||
| Open | High | Low | Value | Volume |
| $43.42 | $43.50 | $43.25 | $85.13M | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 7844 | $43.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.28 | 2623 | 25 |
View Market Depth
| Last trade - 12.28pm 08/05/2024 (20 minute delay) ? |
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Last
$43.36 |
Change
-0.150 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $43.45 | $43.50 | $43.25 | 398297 | ||
| Last updated 12.45pm 08/05/2024 ? | |||||
| BHP (ASX) Chart |