Theoretically with a BB of 500mil , FMG is worth 500mil less. Therefore our increased % will be worth the same.
However (a guess) 10% of the stock is available for trading and shorting and we take 5% out with BB then over time they will have to pay higher lows and sell for higher highs.
RC is this correct or just hopeful thinking?
Im in for at least 5 years to when I recon I'll need it.
Iron ore price, page-9064
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |