$4.5B debt is manageable?
$6B cash at bank ex divy,
then why dont they pay it off and get it to 0?
Why are they holding onto this expensive yankee junk bond debt?
AGO thought this too when their debt was only 8% of their MCap and it ruined them.
Even FMG dumped AGO stock at 4.5c for a paltry gain and didnt want to hold it long gifting Gina an $8B prize from $440M.
ANL with AF as its CEO thought a debt of $2B was manageable when their MC was $6B, how did that turn out?
IOP will not stay elevated forever.
The cash is being spent on capex and divys and african waterfalls & hot air gas.
The debt will not go away. PAY IT OFF!
This is a largest exdivy selloffs in FMG history, and yet you are happy with it.
We are in an alternate universe it seems where $4.5B debt is now ok and large selloffs ignored.
FMG Technical Analysis, page-6992
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.97 |
Change
-0.300(1.56%) |
Mkt cap ! $58.40B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.33 | $18.71 | $210.2M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1879 | $18.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.97 | 39173 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |