true....but a cap raising will only fix the financing issues the company is facing....its SP wont' recover / shorters won't stop shorting FMG till the IO price recovers. And don't forget a cap raising will increase the number of shares on issue....so that will have a dilution effect on target prices...
and if you look at some of the companies that like FMG have been forced by shorters to cap raise.....like BBG, SWM, TEN etc....their SP's are still languishing near their cap raising prices....
suitable buy price?, page-11
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |