I guess we will all find out tomorrow!
Sell assets and all expansion plans shelved, remain as a 55mtpa producer....
Do a SPP at a low price.
9 Billion or so debt! whatever the outcome FMG will no longer be a growth story, rather a cling onto life story....
Greed, go big with 250% debt, when Chinese alarm bells were ringing.....
Whatever the outcome this stock in my opinion is a casino play!
The appeal of owning such a stock is now gone, its about preserving capital and hope the worst scenario doesn't play out.
fmg casino scenario!
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |