There are some scare Mongerers here and are usually the shorts. I checked with the company a week ago there is no impairments expected or occurring. They have always disclosed previous impairments immediately. They did the smart thing and closed breakeven mining operations and may be some small charges with that ad that becomes care &maintenence. The mgt are finally making all the right moves as they become an Fe fines low cost producer.
At these sub 50c levels, Champion Iron or MinRes could be buying which is bad news for shorts as well as an IO price now stablising and rising with best move in weeks Friday. This was 50c when FMG last at $15.50 so shorts would be nervous now.
General Discussion and Valuations, page-48
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $195.6K | 646.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22685 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 199114 | 6 |
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