Basic Business Economics suggest that FMG cannot survive with the Iron Ore price lower than its costs and its extensive debt.
bargain price for any Raider who wants to divide Fortescue and sell it off.
Marginal Survival is at best the scenario that FMG could expect, at current Iron Ore prices...in my opinion, of course!
Nev says FMG is a takeover target, page-27
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $64.31B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 62329 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.68 | 2209 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |