Macro business
Glencore will not be looking at FMG. It needs to find someone with a lot less debt than itself. The only other potential buyer I can see is Chinese interests aiming to use FMG as a hedge against the majors ultimately wiping everyone else out.
There is no hurry to buy it, though, except perhaps in a regulatory sense. Were a bid lobbed then one of the majors may counter-bid with the goal of shutting it down and taking its port allocations. There is little doubt who Canberra would favour.
Macro business Glencore will not be looking at FMG. It needs to...
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $59.34B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $113.8M | 5.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6329 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |