This is the perfect opportunity for the big boys to hold the price below 5.10 and just accumulate. The announcement had no material impact on operations and likely no financial effect for many years to come if ever. Feel sad for the small investor that sells on the news today and sees the price in weeks to come over $6. Don't think this will go down much further and could be a big rise in the next few days from here as the Iron Ore price has dramatically outperformed FMG's share price.
FMG Technical Analysis, page-39
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |