There are a few assumptions being made, that are a tad wide of the mark. The FMG price did not rise immediately on the announcement of possible Shanghai listing.
And its fall on the next day in a weaker market was hardly a surprise, so while the announcement no doubt was an influence, it is not the whole story.
I have read that Shanghai bans foreign listings, - the implication being that the announcement was misleading. However, while Shanghai currently bans foreign lisitngs, that policy is under official review and may be changed in months.
The people who see AF as a can-do man who ignores convention and just gets on with his job, very successfuly, are oing very nicely thank you, and have done since 2003. Those who continually regurgitate the Anaconda story have a lot to lament, the bus left without them...
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Last
$17.26 |
Change
0.250(1.47%) |
Mkt cap ! $53.14B |
Open | High | Low | Value | Volume |
$17.22 | $17.37 | $17.10 | $105.8M | 6.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $17.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.27 | 19878 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 17.230 |
3 | 880 | 17.220 |
1 | 100 | 17.210 |
7 | 1222 | 17.200 |
5 | 2519 | 17.190 |
Price($) | Vol. | No. |
---|---|---|
17.270 | 19878 | 3 |
17.280 | 10286 | 3 |
17.290 | 7000 | 3 |
17.300 | 79885 | 21 |
17.310 | 6557 | 3 |
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