FMG has Net Debt of US$3B at the end of 2018.
According to my previous posts, last 2 months FMG most likely added US$900M Cash, there is a dividend payment of US$660M in March 22.
If FMG shipped 15wmt @ 20% discount @ Platts 62% of US$80/dmt per months, FMG will have cash flow of US$500M per month.
We are looking at Net Debt Free by August / September this year, this was unthinkable only 2 months ago.
What would the SP be when FMG is Net Debt Free and positive cash flow of US$500M per month??
Why sell your shares now I ask.
DYOR
Frank
Iron ore price, page-10734
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |