FMG - Fortescue Ltd

[frugal.rock]

What's the link with fmg?
Read the details.

What was the link?
I like it when people explain it to me like I'm 5 years old.

 

[TimeISmoney]

What was the link?
I like it when people explain it to me like I'm 5 years old.

Try reading this one, probably has little to do with FMG.

Bonta’s office said the suit is “another attempt from Exxon Mobil to deflect attention from its own unlawful deception” and that the attorney general “looks forward to vigorously litigating this case in court.”

In its own statement, the Australia-registered non-profit organization Intergenerational Environment Justice Fund said it’s not controlled by Fortescue and its activities in California were to “take action on the issue of plastic waste.”

Fortescue, which is not named as a defendant, rejected Exxon’s assertions in the suit, including the claim it orchestrated litigation to gain a competitive advantage in the low-carbon energy space. The Australian miner is “fully committed” to green hydrogen, a spokesman said in a statement. The Sierra Club didn’t respond to a request for comment.

Exxon Sues California AG, Environmental Groups Over 'Smear'

In recent months, Exxon has shown a willingness to use the courts to defend its reputation and legal rights when attacked by critics, especially those focused on the environment.

www.rigzone.com

 

[farmerge]

Try reading this one, probably has little to do with FMG.

Bonta’s office said the suit is “another attempt from Exxon Mobil to deflect attention from its own unlawful deception” and that the attorney general “looks forward to vigorously litigating this case in court.”

In its own statement, the Australia-registered non-profit organization Intergenerational Environment Justice Fund said it’s not controlled by Fortescue and its activities in California were to “take action on the issue of plastic waste.”

Fortescue, which is not named as a defendant, rejected Exxon’s assertions in the suit, including the claim it orchestrated litigation to gain a competitive advantage in the low-carbon energy space. The Australian miner is “fully committed” to green hydrogen, a spokesman said in a statement. The Sierra Club didn’t respond to a request for comment.

Exxon Sues California AG, Environmental Groups Over 'Smear'

In recent months, Exxon has shown a willingness to use the courts to defend its reputation and legal rights when attacked by critics, especially those focused on the environment.

www.rigzone.com

litigation in the good ol' US of A. Where millionaire lawyers become billionaires.

 

[TimeISmoney]

litigation in the good ol' US of A. Where millionaire lawyers become billionaires.

It's a cesspit of scum, all those Hollywood actors suing each other, you can't tell me that the primary focus isn't easy money.

 

[qldfrog]

Try reading this one, probably has little to do with FMG.

Bonta’s office said the suit is “another attempt from Exxon Mobil to deflect attention from its own unlawful deception” and that the attorney general “looks forward to vigorously litigating this case in court.”

In its own statement, the Australia-registered non-profit organization Intergenerational Environment Justice Fund said it’s not controlled by Fortescue and its activities in California were to “take action on the issue of plastic waste.”

Fortescue, which is not named as a defendant, rejected Exxon’s assertions in the suit, including the claim it orchestrated litigation to gain a competitive advantage in the low-carbon energy space. The Australian miner is “fully committed” to green hydrogen, a spokesman said in a statement. The Sierra Club didn’t respond to a request for comment.

Exxon Sues California AG, Environmental Groups Over 'Smear'

In recent months, Exxon has shown a willingness to use the courts to defend its reputation and legal rights when attacked by critics, especially those focused on the environment.

www.rigzone.com

It is ok, a few hours later it was in all fmg related streams

 

[basilio]

I am choosing FMG again for the 2025 full year tipping comp.

At sub $18 it is , IMO, way undervalued. Hopefully continued success with iron ore sales and green energy developments will see a revaluation of it over the year (or not..)

 

[frugal.rock]

I haven't looked at FMG trading in detail before, but I'm not sure that I've ever seen the likes of early trading such as this.
Probably not uncommon though for the bigger stocks.
Have to decipher some of the codes yet..
It's all on ASX though, not sure about CHIx.
Found it interesting that over $3.1 million has traded so early by big wigs and the prices paid !

 

[basilio]

I haven't looked at FMG trading in detail before, but I'm not sure that I've ever seen the likes of early trading such as this.
Probably not uncommon though for the bigger stocks.
Have to decipher some of the codes yet..
It's all on ASX though, not sure about CHIx.
Found it interesting that over $3.1 million has traded so early by big wigs and the prices paid !

View attachment 190853

That is crazy curious.

FMG I think briefly went over $18.00 on Friday during normal trading. The figures of $19-20 paid on $1.5 m of shares seems bizarre.
Nothing has happened this morning that might suggest some late breaking news.

Can anyone offer an explanation for the anomaly ?

 

[frugal.rock]

When you consider average volumes, then daily turnover of around $90 million as a lower end average, it's probably not much of an anomaly at all.

I'm sure there's a reason to it though, but it's likely inconsequentialiin the big scheme of things.

Bigwigs shenanigans.

 

[Sharkman]

They're all option expiries from the previous day - the prices (they're all option strikes where the ones ending in .01 and .51 are Europeans) and the volumes (all exact multiples of the 100 lot size) are dead giveaways. None of 'em are mine though!

EP = expired put
EC = expired call
XT = crossed trade ie. part of some combo or spread

 

[Garpal Gumnut]

You may be looking at a big win here by years end @basilio and @frugal.rock with FMG.

gg

 

[Sharkman]

EP = expired put
EC = expired call

Could also stand for "exercised put" and "exercised call" I guess... does the website provide an explanation?

 

[frugal.rock]

Could also stand for "exercised put" and "exercised call" I guess... does the website provide an explanation?

Those are correct.
I guess we wouldn't see a trade or code if they expired.

 

[frugal.rock]

You may be looking at a big win here by years end @basilio and @frugal.rock with FMG.

gg

I've already hit the exit. ($17.95)
How many attempts at it pushing past $18 am I going to give it?

China's new iron making method boosts productivity by 3,600 times

The new iron making method, developed by Chinese researchers, is both faster and more cost-effective, while also benefiting the environment.

interestingengineering.com

 

[Dona Ferentes]

like, like for like?

 

[joeno]

It's funny how FMG has for the last 10 years been priced for almost immediate disaster lol. Even with slowing Chinese demand, iron ore is essential for the world. Like with all non inflating assets, the price should go up from current levels imo.
Fair value from my view of iron ore prices:
1995 -$25 (before China boom)
2005 - $50
2015 - $100
2025 - $200
2035 - $400
etc...

Sell if higher. Buy if lower.