Drop in share price is not a reflection on FMG as there is no reason for the drop as IO prices have not moved downward, China PMI and steel production figures are positive news.
Overall sentiment in the markets, EU and Cyprus is cause of overall share market decline.
FMG also has the issue of short sellers to contend with in short term.
Asset sale announcement required to stabilise SP going forward as all other issues re FMG are positive.
Increase in volume to current level of 100 mtpa increasing to 115 mtpa from April 2013 and 155 mtpa by Decemeber 2013 will offset any downward move in IO price
Drop in share price is not a reflection on FMG as there is no...
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |