So many variables at play
- Current volume may exceed 160.0mt, I read potential of 172.0mt pa
- Discount applied against 62.0 fe
- Stripping ratios ( i sought of understand) "could significantly reduce costs in the short run"
- Dollar value of costs cut in employment and contractors
- Effect of AUD
- Amount of savings in reduced diesel costs (spend in 2014 > $800.0m)
- Reduced shipping costs
- Reduction in costs due to better port facilities
- Reduction in costs ($30.0m) and efficiency gains with new scheduling and production software ("world class")
- Savings achieved using autonomous truck fleet
UBS estimates that based on the recent drop in freight costs and the weaker Australian dollar, Fortescue is now cash break even at a benchmark price of $58, keeping it in the black compared with Monday's price of $63.30.
Does the UBS cash break even price of of $58.0mt take into account all of the above??? The $51.0 cost per mt should also be on the high side, and FMG may really surprise on this.
All hope is not yet lost, I was toying buying more today for a short term trade at $1.95 but fear set in, could of sold at around $2.03-$2.05 for a decent profit, too risky, Thursdays report will be the game changer.
I am also expecting a major announcement soon similar to their rabbit out of a box in 2012 when they manged to refinance at better rates with no loan covenants. Management seem to come good in difficult times with FMG.
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$15.88 |
Change
-0.320(1.98%) |
Mkt cap ! $48.89B |
Open | High | Low | Value | Volume |
$16.40 | $16.41 | $15.88 | $188.3M | 11.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 15657 | $15.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.89 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4757 | 15.870 |
6 | 74490 | 15.860 |
31 | 55708 | 15.850 |
2 | 14604 | 15.840 |
2 | 36110 | 15.830 |
Price($) | Vol. | No. |
---|---|---|
15.890 | 2000 | 1 |
15.900 | 1600 | 2 |
15.940 | 2000 | 2 |
15.970 | 3000 | 1 |
15.980 | 89 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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