"The article talks about 9 billion of debt but then says much of this is undrawn ????"
The undrawn number is $6.7Bn. There are several articles referring to this, as well as earlier reports from FMG.
As well, it still owns its railway, which would be very valuable and extremely saleable.
Manageable debt is a resource, not to be feared. A company with no debt has an under-utilised resource, not good management.
And with yields close to zero in many places round the world, money is cheap.
fairfax:twiggs applies blow torch on shorters!, page-4
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Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |