FMG will drop and $8 will be the first stop.
I believe approx. 90%+ of the shares are held by top 20.
This leaves only 10% of shares to be traded.
The SP has factored in best case scenario and it's likely to go downhill from here.
now we know why the price dropped, page-6
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 (20min delay)
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |