Trouble with FMG is we wait patiently for something to happen so as the sp reflects the true vale and PE
io price to increase
Debt repayment
Cost reductions
VLOC's
China financing on favourable terms
$1.7b payments from July to date
Dollar to be below $0.75 as per forecasts
Sp before announcement touched $6,96 fell back to $6.15
Now marginal increase to $6.43
Again we sit and wait, now it's credit upgrade
Once this is achieved what more will the market want for sp to go up to true value?
Nev & Twiggy to walk on water? This may take some time
FMG is a play toy for hedge funds and shorters simple as that retail investors are just pawns
Iron Ore Price, page-14803
-
- There are more pages in this discussion • 5,255 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.47 |
Change
0.450(2.25%) |
Mkt cap ! $63.02B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.64 | $19.90 | $227.3M | 11.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2983 | $20.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.50 | 2160 | 2 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |