Egos with management at BHP and RIO have cost their shareholders dearly. This downturn gave either of them the opportunity in the last 12 months to takeover FMG and become the dominant global IO producer with more market power and synergies. Put Nev Power in charge of the combined operation. He has proven himself. FMG management have clearly outperformed on a cost basis, debt reduction and market forecasting when it comes to China.
Iron Ore Price, page-4560
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 13926 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |