How some of you keep comparing FMg with BHP and RIO is beyond me..
look i like FMG as much as anyone else but to even remotely put it in the same class and BHP or RIo is a bloody joke boys!
It's just not close, nor will ever be to be honest.
You cannot dispute cold hard facts.......FMG is iron ore only and a small player in a field of circling sharks.
Only way FMG will run real hard is when s few cards are put on the table re: T/Over opportunity....until then it will surely dwell well under eigth bucks even as a mid term hold in my opinion.
If your hanging out for more because you purchased high you will just have to be very patient.
If none of the large holders sell their holdings FMG will run very hard on t/o speculation as there is not a huge share issue and around 505 of those are tightly held...not so much for the market to play with...
A takeover will happen with this stock by VALE I'm quite certain it will be them but when will that be? We shall see in due course.
Dumper
How some of you keep comparing FMg with BHP and RIO is beyond...
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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 |