They agreed to the financing terms to get a 5 year maturity profile and a spare few billion in cash. They only have about 7 billion in net debt and are generating tax free cash because of their high depreciation expense. it was a high interest rate but those new bonds coupled with the blocking stake that Forrest owns make it near impossible for fortescue to go under in the next 5 years. After that is a different thing
Iron Ore Price, page-139
-
- There are more pages in this discussion • 19,919 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.63 |
Change
-0.230(1.05%) |
Mkt cap ! $66.65B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.62 | $17.48M | 803.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 9083 | $21.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.63 | 1504 | 7 |
View Market Depth
| Last trade - 10.49am 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |