For the record I hold no stock nor have a particular view.
Goldman Sachs research note from this morning implies that FMG's projects remain feasible where IO remains above $95 per ton (they have run analysis down to this IO price).
Also states "the key risk emerging is the severely
depressed iron ore price which, if sustained for a multi-year period, may
prolong debt repayment or trigger the need for further short-term funding".
Appears to me to be a cross your fingers that IO prices recover and hold at or above $100 in the medium term?
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Last
$19.17 |
Change
-0.020(0.10%) |
Mkt cap ! $59.02B |
Open | High | Low | Value | Volume |
$19.22 | $19.41 | $19.13 | $134.6M | 6.997M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52 | $19.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.20 | 1239 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52 | 19.150 |
2 | 2500 | 19.140 |
1 | 3333 | 19.130 |
1 | 500 | 19.120 |
3 | 2190 | 19.110 |
Price($) | Vol. | No. |
---|---|---|
19.200 | 1239 | 2 |
19.240 | 100 | 1 |
19.250 | 16644 | 4 |
19.260 | 5100 | 2 |
19.270 | 2224 | 2 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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FMG (ASX) Chart |