From day one the obvious outcome has been for FMG to aquire FMS, a simple growth strategy. Last month FMG announced a $1 billion debt offering to fund its expansion to 155 mta . The following day they doubled it to $2 billion and stated "The net proceeds from this offering will be used in connection with the 155Mtpa Expansion and the acquisition of related mobile mining equipment". Now, I am no Twiggy Forrest (far from it) but common sense tells that it would be in FMG's long term interests to trump the offer & keep a potential global competitor (MMK)out of the Pilbara. The moneys there Twiggy - hit the button old boy !!!!!
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80.0¢ |
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Mkt cap ! $159.8M |
Open | High | Low | Value | Volume |
85.0¢ | 85.0¢ | 80.0¢ | $809 | 1.01K |
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No. | Vol. | Price($) |
---|---|---|
2 | 4542 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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84.0¢ | 10587 | 1 |
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No. | Vol. | Price($) |
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1 | 12500 | 0.810 |
2 | 4542 | 0.800 |
1 | 2531 | 0.770 |
1 | 16200 | 0.760 |
2 | 5573 | 0.740 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 10587 | 1 |
0.880 | 10355 | 1 |
0.890 | 2368 | 1 |
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