For mine, I'm not concerned about debt. It's manageable but additional payments (if possible) would be nice.
I'm also not concerned about an acquisition. I'd prefer FMG stick to its knitting and build capacity to deliver higher grade IO (as its doing).
Vale seems to be full of bad news and it keeps coming. Not entirely sure how the China/US trade talks would impact FMG; perhaps removing and deescalating tension?
Regarding dividends, too early to say but I'm keen to see what a sustained period of IO prices over $90 would do to FMG's cashflow. I haven't done the math yet. Good point re: AUD price.
Either way, good news all round.
Baron
Iron ore price, page-12460
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |