Nuts.
Paydown that US$4.1B debt first. The debt is the problem dont ignore it.
Sure you guys all want higher divys and more spending on things that DO NOT reduce AISC.
LT a bad idea.
At least refinance it to 20 years at 1.7% and reduce half of it with cash.
Why hold $4B cash?
Why continue to hold this poisonous dangerous junk bond debt at 4-5% which remains an existential threat to it as proven in the past.
What has Credit Suisse got over AF & FMG?
A historic opportunity to resolve this legacy issue of debt once and for all.
Iron ore price, page-27926
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Last
$17.94 |
Change
-0.350(1.91%) |
Mkt cap ! $55.23B | |||
| Open | High | Low | Value | Volume |
| $18.20 | $18.24 | $17.92 | $112.0M | 6.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 440 | $17.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 10018 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |