Well, even if IO drops 50%, costs increase by 25% and the debt increase to $3B, FMG is still making truckloads of cash!
The only time FMG will be in any trouble, is if they don't sell any IO at all! Not a likely event!
So, luck has nothing to do with it. Even with unreasonable, conservative numbers the doom sayers are just FUD artists, probably just looking for a lower entry.
PS: I don't hold, so I'm not emotional about FMG. I am however "up to here" with some posters (not necessarily you).
fmg debt - a closer look, page-5
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Last
$19.73 |
Change
0.760(4.01%) |
Mkt cap ! $60.74B | |||
| Open | High | Low | Value | Volume |
| $19.11 | $19.90 | $19.11 | $207.2M | 10.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55717 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 15000 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |