Your are confusing me with Frank.
FMG would benefit from diversification into an commodity with low correlation (which isn't pellets ewo) - but can well achieve investment grade in their current form.
Priority is to pay down debt (as they are doing), not on silly m&a as they cant, not on buybacks that would have blown even more shareholder value given recent performance.
Iron ore price, page-1455
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.02B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $49.38M | 2.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4155 | $22.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 3547 | 12 |
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| Last trade - 14.02pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |