Good intelligent post. Thanks, unlike other posters, for not reverting to nonsense insults.
My (read markets) concern over FMG is that it is very exposed to any significant drop in the io price due to excessive debt.
I cannot read the future so cannot be certain which way the io price will go. One thing, however, is almost certain - a large drop has the potential to obliterate FMG, so the market will factor this excessive risk into the FMG sp.
All this is no revelation to either of us. My bottom line is that I see more probability of downside than upside in the io price. With that will go FMG
fmg prive vs io price, page-32
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |