Main thing at the moment is preservation of Capital.
Suspect that within months FMG will have no option other than a cr, at around $2.
Read Wednesday's AFR. Confirms that at $90pt FMG loses money.
FMG are holding out for the IO price to return to well over $110pt. These are the same guys who stated that $140 was a floor. The world according to FMG.
Stated in June that a target price of $2 was 50:50.
Nothing has changed except that it is now a higher probability.
Main thing at the moment is preservation of Capital.Suspect that...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |