Hi Karasco
Agree with analysis. At $139 FMG will roll it in.
However, please be careful with your figures. The realised price by FMG is about $80% of the spot price.
At $139, they will realise about $112.
The 20% discount is consistent in all of FMG's announcement and presentation.
As long as the spot price remains above $100 we are OK. Under $100 and we begin to look shaky.
iron ore up again!, page-14
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |