So, what did todays market think of Macquarie's view? No one rushed to sell. No sign of heading south. FMS up over 7% although on thin trade to close at 50% above Macquarie's target.
The drop in prime interest rates would have to be good for the project. Would it not? Would not the 0.25% cut flow through to project finance? Maybe Macquarie did not predict this?
Macquarie Struggled with Flinders Mines AFR, page-22
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Last
81.0¢ |
Change
0.050(6.58%) |
Mkt cap ! $161.8M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 83.5¢ | 81.0¢ | $21.03K | 25.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6525 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 9294 | 1 |
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| Last trade - 10.41am 04/09/2024 (20 minute delay) ? |
| RHK (ASX) Chart |