Firstly, Nev Power is in HK right now.
Could the Chinese Sovereign Fund (CIC) spoils the shorter's party ??
http://www.proactiveinvestors.com.au/companies/news/907/hunan-valin-buys-165-percent-stake-in-fortescue-metals-0907.html
Bear in FMG is not just another IO miner. It's of strategic importance to China as well as potentially unlocking a huge supply from other juniors benefitting China immensely in the long run. The benefit FMG can directly and indirectly provide will outweigh any benefit china can get from Africa with soverign and political risks and next to NO infrastructure.
If FMG is weakened, China will suffer and will pay a big price.
FMG has options and is coming from a powerful savior (for her self interest and with STRINGS ATTACHED).
possible scenario, page-4
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Last
$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |