Yes I have pretty much the same question
It's been 4-5 days since the FMG FFI "restructure" and many have made the argument Twiggy has subsequently been put back in his box..
So given all the uncertainty about the costs to FMG shareholders of the GreenH project and execs leaving etc etc = likely to have contributed to weakness in the SP the last 12 months?....
Why then hasn't the SP rallied since that restructure announcement 4 days ago??
Normally when a company cuts jobs like this a SP will rally.
It hasn't
Does this mean there are some who maybe already know a downgrade on fundamentals is coming in the next quarterly 25/7?
That has nothing to do with Green Hydrogen and everything to do with Iron Ore's prospects?
I'd appreciate some opinions and I'm holding back buying more until the quarterly
Just curious. (I am suspicious of the lack of price action)... NA/IMO
Yes I have pretty much the same questionIt's been 4-5 days since...
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |