At the same time as recognising that the FMG story is about IO prices, the real story right now, and why it is still so chronically underpriced, is because of the perception that it still has a mountain of debt.
The difference, however, between BHP/RIO and FMG is that, whilst BHP/RIO has debt which no one questions, FMG has debt that needs to be reduced to put it into the same category.
Well, right now, I think the market is waking up to the fact that this might just happen, and unlike BHP/RIO that needs a rising IO price to put a rocket under their SP, FMG merely needs the IO price to stay where it is for another 6 months. Every day that IO prices stay where they are is one day less for the market to worry about, and that simply leads to an inflection point to occur in terms of sentiment at some point in the next 2-3 months ....
Iron Ore Price, page-6614
-
- There are more pages in this discussion • 13,444 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
$21.81 |
Change
0.215(1.00%) |
Mkt cap ! $66.76B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $21.94 | $21.58 | $67.87M | 3.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 10271 | $21.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.81 | 20070 | 23 |
View Market Depth
| Last trade - 12.06pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |