re: fortescue metals joins cullen resources Well if the figures quoted in Sydney Morning Herald are accurate, then we are looking at placement of 10% of the shares at $12 each. That would be quite exciting for the share price. Wish I had pick up more. What may also be possible is that the news may spur the other two parties to increase their bids, would that not be exciting? perhaps that's the reasons for the further delay?.
If CITIC is one of the other parties involved, then it is in their interest as representatives of the largest consumer of iron ore to secure the supply of iron ore and benefit from the profit made by making sure they win the bidding war. The other brown fields projects in Australia currently, one would think are only large enough as appetiser for Chinese consumption.
latest news all good, page-15
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |