Champ69
I agree, but on the proviso that they announce another $1.0b or more debt reduction before Xmas and announce another similar amount for March qtr.
It would be interesting to be advised what Capex still remains to be funded?
Once this Capex has been paid, then all free cash flow less taxes and dividends can be used to fast track debt reduction after retaining a healthy cash on hand position to buffer any IO price drops
I believe that they can repay all debt other than for the$5.0b amount refinanced to 2019 payment due date.
with 155.0mt production and possibility to increase to 180.0 mt without much more Capex! this stock will at least double in price
Current debt is circa $11.8b less the$5.0b that has been refinance, their leaves an amount of $6.8b , less cash in hand. This remarkable considering the near death experience last year.
FMG will also be rewarding shareholders with increased dividend payouts starting from December half year results announcement
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$19.54 |
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Mkt cap ! $60.16B |
Open | High | Low | Value | Volume |
$19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2000 | $19.52 |
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Price($) | Vol. | No. |
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$19.54 | 6420 | 1 |
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No. | Vol. | Price($) |
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1 | 1000 | 19.500 |
3 | 7100 | 19.490 |
1 | 2000 | 19.460 |
3 | 2150 | 19.450 |
Price($) | Vol. | No. |
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19.550 | 2864 | 2 |
19.570 | 2257 | 1 |
19.580 | 5742 | 2 |
19.650 | 147 | 1 |
19.700 | 3000 | 2 |
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