FMG 1.29% $16.51 fortescue metals group ltd

definitely something going on re china here

  1. 1,674 Posts.
    I don't buy FMGs denials that 'nothing is happening at present' - there are too many repeated noises out of China that BaoSteel want a stake. I could see FMG capitulating and giving them 15% for under $AuD1b which would at least put to bed any cash flow and debt issues. China likes to keep its 'friends' close - and as a make or break supplier it has FMG as close as possible with its arm twisted behind its back.

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Mkt cap ! $51.48B
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Last trade - 15.04pm 26/10/2020 (20 minute delay) ?
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