FMG 1.17% $17.73 fortescue ltd

fmg and fe, page-419

  1. 1,569 Posts.
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    Hi Kara,

    By my rough calculation they have around US$2.4 Billion after deducting the recent dividend. Maybe waiting to get this to US$2.5, so they can smack both the US$478, plus US$1 Billion of the 2019. Will still have the US$1 Billion in reserve.

    Should have that cash by next Friday, so that big announcement will be sooner than later.

    And by March 2018 they will have the US$2.16 covered, or they might just bite the bullet, pay a break fee and pay it early.

    Flip
 
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