the talk is likely to be continue due to:
1. from fmg ann indicates the talk is still continue and just can not meet the 29-09-2009 deadline.
2. chinese start their ten days national day public holiday from 01-10-2009 to 12-10-2009.
3. some brokers mention that austrlia investment committee might need to get involve with the cisa deal. so it could be an indication that chinese will take more than 20% of fmg stake.
4. overall market rise and dow/london metals exchange rise again..fmg might be oversold so far..it should rise back to low $4 until cisa deal confirmed. then it could reach high $4 to $5.
fortescue deal still likely, analyst, page-33
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Last
$21.57 |
Change
-0.190(0.87%) |
Mkt cap ! $66.41B | |||
| Open | High | Low | Value | Volume |
| $22.01 | $22.10 | $21.52 | $119.4M | 5.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13058 | $21.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.58 | 11798 | 1 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |