There are some sickos here wishing bhp/rio to collapse blaming them for the IOP. Somehow Twiggy has been absolved for pumping out crap ores indebting the company to unsustainable use of borrowed money and refuse to raise capital.
Unlike the big boys Anglo included, fmg cannot cut production now let alone cut capital spending. They are leveraged to the eye balls of low or no margin production using expensive debt to ramp up production.
Iron Ore Price, page-3273
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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