Maybe the intended vale asset sales is the capital raising to purchase the 15% stake in FMG. At the time of the announcement it was just assumed this was because they had just posted a 12bill loss and needed to sure up the balance sheet. Would be interesting to know how labour intensive blending ore is for fortescue, given this is potentially an expense that will be halved with vale and carried out on chinese wages which presumably would be a fraction of our own.
Maybe the intended vale asset sales is the capital raising to...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |