Andrew seems to be suffering from paranoia. He thinks Rio/BHP are flooding the market trying to kill his company. I suspect that's why we get the bluff and bravado about how FMG isn't even breaking a sweat, will be here for many years, making $1.6b per year blah blah blah.
He thinks (I think) if he can get rio/BHP to believe they can't squash his company they will relent and the IO price will bounce back.
It all makes sense, it's a game of poker.
Sadly for Andrew, I don't like his hand here.
Andrew seems to be suffering from paranoia. He thinks Rio/BHP...
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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 |