Hi bubsmark,
"There is no doubt that FMG will need to go to the market to raise capital.Yes their pride will be hurt but it needs to happen."
I agree.
Remember when the GFC hit. Those companies that got a CR in quickly were able to make some sort of virtue out of it. They were seen as decisive , well managed , even prudent.
We would all prefer the alternative , not to have to CR , but when cornered by debt and low cash flow, it becomes time to move to repair the balance sheet.
FT
fmg the lehman of the commodities bubble?, page-52
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |