Last week may have been FMG's worst week, and twiggy may or may not receive a suspension from being a Director. However the company has played it smart and stayed cashed up. I think there is going to be a number of 'shorters' who are going to be caught out.
For my money this is a strong company with a solid business plan. It has been aggressive in it's targets and has constantly met them. Twiggy may have been the initial driving force, however like any good leader he has an excellent team at the helm.
There's so much more one can say in the positive - infrastructure, low production costs, cashed up, on target to triple output, lead or second up in new Port, etc etc. For my money one of the best value add solid miners out there. Saying that I don't mind if the price stays down for a bit, it will give me an opportunity to buy more.
As always DYOR, with this one you may be glad you did.
this could become twiggys worst week ever., page-2
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |