Hi Frank
Thanks so much for taking the time to explain this to me greatly appreciated.
Management is strong, I believe in them that's why I invest in FMG. IMO they will save and pay off the entire debt, return another good dividend, and then look at paying cash for another asset( some borrowings) , when right opportunity presents.
They may find new minerals to mine if their current explorations prove to be significant , thus not needing to acquire a business to become diversified. .
Thanks again
Kind regards
Matt
Iron ore price, page-1581
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Last
$18.31 |
Change
0.340(1.89%) |
Mkt cap ! $56.37B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.32 | $18.06 | $115.9M | 6.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 273 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 9260 | 4 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |