Agreed especially when the 58% realisation price and discounts are at their most favourable for nearly 18 months.
The share price was much higher back in Aug/Sep 17 and so was the AUD.
Not sure if the market is aware at all that discounts are now effectively in the mid 20s.
I write an email to investor services advising that at the beginning of last year as discounts were widening, this was conveyed to the market. I think it would be good for shareholders to be advised that discounts are coming in. The confirmed Feb discounts should be IMO announced to the market as it is in effect a material change to the realisation price/discounts that the market has been accustomed to.
Substantial reduction in FMG discounts confirmed, page-15
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |