"Personally I believe it might be Twiggy instructing his brokers to buy up FMG to support the stock or......
Maybe a capital raising by way of a rights issue is in the offering. I saw this happen with Alumina. The exact same thing occured before the rights issue was announced and it was announced after the close of the market."
I doubt it. It is probably more like short covering. At this level FMG is way too cheap, even if you can raise capital at at premium.
fmg is flying!, page-6
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |