Farmboy, you are spot on.
I continue to hold a large parcel at average cost of $4.15, and was tempted to sell some yesterday.
Call it greed or stupidity, I believe FMG in the not to distant future, subject to debt reduction and IO price not falling below $100.00mt realised selling price that a sp of $7.00 is not a fantasy, especially if they increase dividends as promised
I am still concerned about the Formosa deal and funds that are to be received to repay $500m in debt, maybe tomorrow's report will shed some light on this?
last price $5bucks, 12mth high $5.47, page-29
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Last
$16.32 |
Change
0.195(1.21%) |
Mkt cap ! $50.09B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $102.2M | 6.319M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 11047 | $16.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.32 | 13346 | 36 |
View Market Depth
| Last trade - 15.18pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |