FMG stated yesterday that their break even is 62% at $39.
They have $1.8B cash and 1.5B debt due in 2017.
If they paid that now from cash reserves it would leave their gearing around 40%.
BHP's gearing is higher than that with their 30B+ of debt. The papers won't tell you that though.
Iron Ore Price, page-2064
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |