LOL.
So much speculation going on with the shorters, I seriously doubt they've done any back of the envelope calculations to value FMG. Even if the price of iron ore drops to $90/tonne, FMG are more than worthy of doubling in the next 18 months based on fundamentals when they achieve 155mpta production come 2013 - you know they will when Twiggy and co. driving the wheel.
Despite this, I heavily encourage anyone and everyone to short on the chance they don't achieve 155mpta production and the price of iron ore drops.
is this the worst on the market?, page-60
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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 |