Hi team,
Great reading your posts, my wife comented to me this morning that on bhp and rio HC forum, there is no where near the level of detail, understanding and intelligent and interesting posts as there is on this HC FMG forum. So credit to you all.
Interested in people's opinion - on level of debt repayment by EOFY . Nev said fmg would look to do similar debt repayments to last year. Which was 2.9 bill. Also interested in when you think they will announce repayments and how much.
My personal thoughts are 700-1000 mil February before 1-2 year report, rebuild cash on hand feb march, for April dividend, then another 1 bill prior to June 30.
Taken total fy repayments to between 3.4- 3.7 billion , net debt down to approx 2-2.2 billion.
SP - ??
Kind regards and respect
MJAK
Iron Ore Price, page-17946
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