Company loses $32 billion in mkt cap...(staggering)...and still have not made a single mgt change...or given a resignation. No not one admittance of their mistakes...from board executives.....dont see BHP losing 84% of its value, nor RIO, nor NCM,
No owonder institutions bailed after the last issue.
This is not a market thing ITS AN FMG THING !!! Reconcile their news alerts with economic reality of the company.....its doesnt compute..they live in Fairyland. Think China will buy all of the lowest grade ore for premium prices forever !!!!
Ahh and Remember the good old days...Poseidon then Private blood bank/Bond corp then Looksmart/Davnet then Fortescue metals/Babcock...all had hugmongous mkt caps in each bull market and guess what FMG pumpers none ever recovered....not a single one......
Your fighting the market's view of FMG and also history.
Simple truth: Mistruths are never forgiven by the market. Ever.
Its over here...most of you just dont know it and are just now hoping.....but its time to move on.....come on over to the gurus No.1 pick GMG, where the screen is green and the sun shines and stunning tanned women walk around serving you margaritas and massaging your back.....
thats code for GMG earnings, sound dividends, recapitalisation/renewals, sound management, M&A beauty pageants.....
forget fmg...its over...check out gmg, page-9
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Last
$16.30 |
Change
0.420(2.64%) |
Mkt cap ! $50.18B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.53 | $16.00 | $202.0M | 12.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 895 | $16.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 237 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |