Not withstanding FMG's huge Iron resources, that ultimately may justify its present market capitalisation, the Chinese Deal is almost "dead".....
The Chinese are very intelligent operators and would never have allowed the situation to reach a point of no return as it appears to be the case now.
So, it's all over for the FMG-Chinese concortium alliance......
However no matter how unceremonious, acrimonious for some,the end of this agreement has been, it will, one should bet on this, herald an even better "DEAL" with the Chinese......
Whether it's MIS (I doubt it...) or another Australian Mining company the Chinese will do their outmost -this time- to be seen as the good and generous guys (perhaps they were all along and Andrew stuffed up....). So the next Sino-Australian agreement will -bet your life on it- favour the "lucky" Australian company, whichever that might be.......
It's the Chinese way of doing things......Especially when they are loaded.......With Government money!!!!!
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$18.56 |
Change
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Mkt cap ! $57.14B |
Open | High | Low | Value | Volume |
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9 | 57703 | $18.55 |
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Price($) | Vol. | No. |
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$18.60 | 4301 | 2 |
View Market Depth
No. | Vol. | Price($) |
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9 | 57703 | 18.550 |
1 | 20155 | 18.540 |
2 | 1186 | 18.530 |
6 | 95277 | 18.520 |
2 | 21055 | 18.510 |
Price($) | Vol. | No. |
---|---|---|
18.600 | 4301 | 2 |
18.610 | 26650 | 3 |
18.620 | 15970 | 5 |
18.630 | 500 | 1 |
18.650 | 25989 | 8 |
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