IMO, FMG shot up because twiggy was soliciting the idea BHP would bid for it and he was definitely very successful.
"FMG issued 1.55 million shares last week at A$2.36 (Wow!) per share to a contractor as payment for goods and services provided, and a spokesman said the action had been taken to preserve the miner's cash position".
This contractor must be feeling pretty stupid by now, not insisting for cash payment. What's next? Paying contractors with Iron Ore?
No doubt, twiggy must be the best salesman in Australia.
DYOR
IMO, FMG shot up because twiggy was soliciting the idea BHP...
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |