well its all a question of time.
Time will sort out many things. 1) china 2) ore price stable price 3) fmg debt.
the short term factor is the s/p item 2...... item 1) China is the driving force there so needs time to sort out what china is and can do.
as we go along this road in time item 3) the debt will keep to reduce. so as i stated before fmg debt is its problem but will be also its upside as this time goes on. debt goes down profits go up. Div is of no use to any one, i am sure that the s/p will rise giving better value to the s/h that the payment of a div. if ore returns to 100 to 110 ok pay a div but at these levels pay of the debt.
But again HOW MANY times have we seen this action Fmg Tanks then its away. have to know when to jump on and off.
time frame
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |