I have a contrary view Dan.
I think that the FFI is an excellent diversification and will withstand the test of time,as its very long term.
Miners buying other smaller miners or large brownfield plays during a market peak has been proven as the worst way to invest.Rio,BHP .
I do think the other 10% available should go towards exploration for copper/gold and increased metallurgical capability.
The dividends allow for the holders to spend / invest in any asset they choose,which i like.
Gordy
FMG should reduce dividends and buy assets, page-9
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |