Ashley,
Perhaps we should ask "what is fmgs largest shareholder future aims for his holding?"
All good business owners/developers have an exit strategy, Twiggy would be no different.....
The company is obviously very successful and zero dept is in sight. With basiclly all product being sold to one country with total government controled buyers.
This is ripe IMO for a TAKEOVER by Chinese entities perhaps not tomorrow but SOONER rather than latter. Why would they not be interested if they could also acquire tenerments that could possably supply 300-500 million tonns ,with the added possibility of forcing the price down.
Chinese interests could be significant shareholders already......very silly if they are not IMO
I'm very surprised TAKEOVER talk is not high on HC ,regardless of by whom. GLTA
Where is FMG Heading, page-24
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |