there is no other way FMG will have to raise capital to survive as the NPAT ratio to debt is too high,very similar
to asciano a few years ago they did a $2.5b raise at $1 so 2.5b more shares on issue for total of about 3.5b shares
asciano then did a cosolidation sent the sp up to $4.50.
FMG npat of $1,559b to debt of $8.5b is unsustainable,they simply cannot pay it.
plus its no fluke the sp has ripped down from $6 since chanos canned it.
once the shorters really step in ive got no doubt this will see sub $1 unless FMG steps in before the end of next week & raises cash.
fmg the lehman of the commodities bubble?, page-55
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |