Thank you, @TimeISmoney, will look at that this weekend. Hopefully, I can get my head around it.Add the snipping tool to your platform or you might already have it in the accessories.
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They should be going into ex div soon but probably going to be close to the bottom unless another big holder sells at discounted prices.Looks like a buy back in, is heading my way, I missed a couple of divs but the nearly 100% gain covered it.
Hopefully history repeats.
A lot of people holding at higher prices like me will be topping up.I wonder if Twiggy is buying up more stock? Certainly has the deep pockets if he wishes.
Currently sitting at 11% yield.
Low chance of SP increase with BS news like that, unless taxpayers are the ones paying for the next brain farts.China’s COSCO Shipping, Fortescue to build green fuel supply chain
Reuters | July 29, 2024 | 6:54 am Energy Top Companies Australia China Iron Ore
Australia’s Port Hedland, the world’s largest bulk-export terminal, handles cargoes for BHP, Fortescue Metals and Hancock Prospecting. (Image courtesy of The Western Australian Land Information Authority)
China’s COSCO Shipping Corporation has signed a preliminary agreement with Australia’s Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.
The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies to transport iron ore and other minerals to reduce carbon emissions in the China-Australia iron ore green shipping corridor.
Don't know if this is part of the bulk trade this morning before market opened.I wonder if this investor "bought"his FMG shares at $20.35 ? One day later and...... they are $18.55 !
No one can see into the future that's obvious, but big Instos pulled out only weeks before the hydrogen failure was announced something stinks here, all the rest are most likely getting cold feet unless there's more bad news coming.I wonder if there is another $1Billion of stock waiting to be dropped on the market ? There doesn't seem to have been many bargain hunters at the moment. How would other shareholders know ?
The dropping of these massive share blocks on the market highlights another point. What is the value of an institutions shareholding in a major company ? In theory it is the closing price of a stock on any particular day. However reality says that selling major blocks of shares will depress the market significantly. And of course it will also create uncertainty and undermine confidence in the stock.
I also wonder about the interaction of very negative analysis of FMG and the sale of these institutional blocks of shares ? Is it possible analysts had a whisper about the likely sell off ? Or were the institutions persuaded by the analysis and decided to drop their bundle ?
That is the question, twiggy is a bit like Musk, leads with the lip and you never know what is going to come out.unless there's more bad news coming.
The speculation about renewables projections was absurd, there were companies that never turned a profit in the whole time they were operating, and their SP increased by 2000% like Wildcat. Iron has been around for a while and the pricing system has been well established.That is the question, twiggy is a bit like Musk, leads with the lip and you never know what is going to come out.
They have now again become a one trick pony, so it depends a lot on iron ore, i think a lot of steam has come out of the renewable sector.
Companies like CXL, NMT, IGO and the whole nickel sector falling over, has put a damper on anything connected to the renewable green can dream, I was lucky Twiggy bought out MCR or I would have been burnt badly.
Money is starting to look for the exits IMO.
I must admit, I've cleaned out the bottom draw, last thing I want is a draw full of delisted headaches, been there done that.
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