I'm just soooooooo astounded at FMG's sp. Where is the "value" in it at $58 - using it's pre-split cost. I believe the split has clouded people's judgement on its true worth. How can you deem that FMG at $58 is better value than BHP at around $41?? BHP is solid, established. It has its infrastructure, equipment, railway, staff, heaps of cash - everything is fully operational and producing. To my way of thinking FMG is purely just in its discovery phase - all that it has is just sitting in the ground. How can $58 a share be "valued" on that. It wouldn't surprise me if there will soon be some Director selling at this sp. Can a FMG believer please enlighten me on why people should be buying in at its current sp (over BHP)?
I'm just soooooooo astounded at FMG's sp. Where is the "value"...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |