Andrew Forrest appears happy to dip into his own pocket and buy up big on market in FMG spending $23 million for 5.2 million shares. This after spending $135 million last year propping up FMG's share price only to see his investment take a hit months later.
My question is what the hell is going on?
This guy is spending basically what it will cost Poseidon to move this project to production but, instead of him putting his money into this project buying on market, he is rather loaning money to this company at a healthy interest rate of around 11% and snapping up millions of shares cheap.
No wonder there is so many disgruntled shareholders!
Andrew Forrest appears happy to dip into his own pocket and buy...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $44.42K | 10.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 35438671 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11634354 | 27 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| POS (ASX) Chart |