S&P (the most influential credit agency globally has just passed a damning verdict in BHP's folly).
Now McKenzie and his IO chief can (without fear of Chinese accusation of cartel behaviour) immediately put into effect the total elimination of further expansion (staring with JIMBLEBAR mine) and paving the way for SAVAGE cut back in production.
Rio (facing a humiliating backdown) will IMO just cut production (blaming it on weather, train derailment, landslides, mine maintenance, defective crushing plants and a miner falling off a Caterpillar truck hurting an ankle).
Keeping shorting FMG if you think you know what you are doing. LOL !
S&P (the most influential credit agency globally has just passed...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |