The debt vanishes? That will be a long time coming, don't they have something like $9 billion USD, or $11.6B AUD in debt? I find it hard to see a reason to invest in this stock with these debt levels, simply too risky. With market cap of $6.6B, debt of $11.6B, their latest refinancing losing them $100m in cash, as well as increasing their financing costs, which were already $600m per year, to me it looks like it will struggle to ever generate enough cash to pay out the debt plus make a return on market cap.
This is all with a long term view.
All my opinion only, dyor.
Iron Ore Price, page-123
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Last
$17.43 |
Change
0.770(4.62%) |
Mkt cap ! $52.71B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $166.3M | 9.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1709 | $17.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.43 | 8119 | 2 |
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