$0.20 cents for me. Debt has been restructed to investment grade. They want institutions to invest so have to make it attractive. Aussie $ falling also helps.
Eliweena project will be paid for with cash even at current market conditions, without increasing overall debt. They may tap into the $500 mil line of credit at stages.
They also stated a few months ago there would be an update in the annual report due out in August about the ore quality or way in which they are going to achieve the plus 60% ore grade( don’t quite me). Maybe some other surprises?
I believe Eliweena is going to be great, but am hopeful they have something else up there sleeve to project the business forward, as in my opinion they have been very quiet for a good 6 months.
All the best- go FMG
Cheers MJAK
fmg divi, what is expected ?, page-6
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Last
$21.76 |
Change
0.350(1.63%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.76 | $21.32 | $97.85M | 4.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1380 | $21.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 28571 | 3 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |