Shorter's will unfortunately/probably get to play with this throughout the year. One would think until the 155mt expansion is near, early 2013.
However with sentiment turnaround and the continual positive news emerging from FMG and bonus JV's, early interest by a couple or few major funds may cause them some heartache. However this is less likely whilst the present turmoil continues in the EU.
If I was a group of seriously wealthy businessmen, or just a few extremely wealthy people, I could see a couple of easy scenario's to which one could take advantage of the shorter's prevalence in FMG or similar.
No matter, for the medium to long termers (4 years or more) IMO things are looking very good and if you want to pick up/accumulate some oversold shares cheaply, then one can thank the shorter's and do so.
Shorter's will unfortunately/probably get to play with this...
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |