Mr. Gonglaves makes an excellent point. He should be our PM. How dumb is Australia to let such value destruction happen without even having something to say about the damage it is doing to our national accounts and the well being of future generations?
In a nutshell, BHP & Rio have destroyed shareholder value (and national income) for increased market share and then suddenly, along comes FMG with it's announcement. So BHP and Rio will not only now miss out on that precious market share increase - having flushed billions down the toilet in the pursuit of market supremacy, they will actually give up some of the market they now have to the new FMG/Vale JV. Oh yeah, very clever!
Mr. Gonglaves makes an excellent point. He should be our PM. How...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |