I want a stronger group through diversification now
I think many agree @eyeswideopen ... diversification has been on many holders minds for a while now .... I think your analogy of using the current high share price in a script takeover of (say) fully operational lithium mine could be a smart move now ....
..... The lithium sector has suffered over the last 12 months so there are some low MC's that FMG could swallow up in a heartbeat at cheap prices and then refine the mining costs for lithium production just like they have done in the iron ore space .... food for thought - let's see what the BoD next move is...
Iron ore price, page-10404
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |