Hi Team,
Very intelligent management team backed by a super intelligent Board, they have the finger on the market. I am confident they all plan ahead considering all possible scenarios. Post the most challenging times FMG has experienced ,Nev Powers stated they always had a PlanA.B and C, so why would now be any different.
They just freed up circa $400 million by not purchasing the Power station, I would be confident they will use this to pay down debt.
In one of my recent posts I quoted an email direct from FMG, stating they want to payout the 2022 debt as soon as possible, dependant on IO price. plan B, was to refinance at a much more favourable intereat rate.
This is consistent with the companies business priorities. 1/ debt repayment. 2/ cost reduction. ( in form of interest agents we year) current 9.75% interest rate. Could be sub 4%
In time it will be evident how effective and forward thinking this company and its management team are, and the market/insto's will finally take notice and need to get FMG on their books as a long term investment in their portfolio's and the share price will increase to a value that is truly representative of a well managed global player in the IO space, who has huge diversification potential, because they have been forward thinking in securing a large number of tenements in Australia and abroad. If you don't have the tenemants it's hard to explore and discover new opportunities. "Future proofing".
All the best
Cheers MJAK
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Last
$21.23 |
Change
-0.295(1.37%) |
Mkt cap ! $65.52B |
Open | High | Low | Value | Volume |
$21.60 | $21.64 | $21.16 | $78.77M | 3.692M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 11213 | $21.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.23 | 8670 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 5033 | 21.230 |
50 | 13736 | 21.220 |
22 | 10770 | 21.210 |
28 | 23944 | 21.200 |
19 | 27520 | 21.190 |
Price($) | Vol. | No. |
---|---|---|
21.240 | 13069 | 32 |
21.250 | 8811 | 25 |
21.260 | 8332 | 20 |
21.270 | 10291 | 16 |
21.280 | 8239 | 11 |
Last trade - 15.12pm 23/07/2024 (20 minute delay) ? |
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