"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.
"Personally I believe it might be Twiggy instructing his brokers...
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Last
$18.43 |
Change
0.030(0.16%) |
Mkt cap ! $56.65B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.43 | $18.40 | $9.696M | 526.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1842 | $18.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.44 | 1026 | 3 |
View Market Depth
| Last trade - 10.02am 06/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |