Hi all
I have been following this stock for some time now and i have finally become a shareholder a few days ago.
The companys SP as we all know seems to be ranging between .17 - .19 and this is based solely based on the iron valley MIN agreement.
If FMG was to announce in the next few weeks that the NJV will re/open, we will see a significant rally in the SP due to the additional revenues, diversification and higher exposure to the already high IO Price..
Keep in mind that the below was mentioned back in october:
We will review operations over the coming months to determine the best path forward, taking into account all relevant factors including market demand and other potential opportunities to extract value from the assets,” Mr Power said.
ANY MOMENT NOW!!
FASTEN YOUR SEATBELTS!!
PREPARE FOR TAKE OFF!!
GLTAH
NJV NJV!!
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Last
22.8¢ |
Change
0.003(1.11%) |
Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.8¢ | 22.0¢ | $9.643K | 42.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 164 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 61511 | 5 |
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| Last trade - 11.55am 21/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |