FMG 9.53% $18.41 fortescue ltd

All contributors - does anyone know what's really going on to...

  1. 22 Posts.
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    All contributors - does anyone know what's really going on to cause this huge drop in SP today?
    Yes I know the obvious answer is more sellers than buyers - but why is that?
    What's the catalyst - detailed review of Qtr Report by large shareholders?
    Is the exodus of senior staff seen as canaries in the mineshaft - not all good captains may want to go down with the ship?
    Is the future demand/price for low grade IO (< 62%) forecast to fall over the medium to long term?
    Is FMG's average grade dropping off after all the higher grade low fruit has been mined?
    Are feasibility studies on the energy projects indicating they are less economically viable than initially hoped.

    Don't know whether to go long or short.
    Would appreciate your opinions for the benefit of all FMG investors.

 
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Last
$18.41
Change
-1.940(9.53%)
Mkt cap ! $56.89B
Open High Low Value Volume
$18.59 $18.68 $18.40 $380.0M 20.49M

Buyers (Bids)

No. Vol. Price($)
53 30437 $18.41
 

Sellers (Offers)

Price($) Vol. No.
$18.42 14743 17
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Last trade - 15.04pm 30/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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