Packer would be well advised to pay a visit to Murchison Metals Limited in his jet. MMX is a better investment than FMG. MMX has the iron ore in the ship and off to North Asia. FMG is still working out how to achieve that object and still playing around with a feasibility study. No Fe yet in a ship or out of the country to the market. It is overvalued. MMX has superior grades of FE to FMG and contracts in place. Posco the third largest steel producer in the world has 12% of MMX shares. FMG has had its run MMX is happening now. FMG was around $3.00 in May 05 this is where MMX is now. SELL FMG and BUY MMX.
PLEASE DO YOUR OWN RESEARCH AND TAKE ADVICE FROM YOUR BROKER AND NOT ME
packer visit, page-2
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Last
$20.47 |
Change
0.000(0.00%) |
Mkt cap ! $63.02B | |||
| Open | High | Low | Value | Volume |
| $20.20 | $20.54 | $20.16 | $181.8M | 8.912M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | $20.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.47 | 2284 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |