FMG 1.35% $21.23 fortescue ltd

A few years ago we let the Swiss company acquire 100% of MIM....

  1. 7,247 Posts.
    lightbulb Created with Sketch. 1
    A few years ago we let the Swiss company acquire 100% of MIM. Our second largest mining company. no one objected.

    What a bargain that was. And an opportunity. I leant a lot from that, and was very fortunate. At the time I had some MIM call options. The rising price of MIM at the time meant that the increasing security value covered 100% of the option exercise price, so that I effectively got my MIM shares for the very low cost of the call option alone. Without any further outlay. I have never been able to repeat the exercise, although have come close a few times.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$21.23
Change
-0.290(1.35%)
Mkt cap ! $65.85B
Open High Low Value Volume
$21.60 $21.64 $21.21 $52.00M 2.432M

Buyers (Bids)

No. Vol. Price($)
17 10018 $21.22
 

Sellers (Offers)

Price($) Vol. No.
$21.24 4296 18
View Market Depth
Last trade - 12.37pm 23/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.