Not sure it will get there but I have a wad of cash ready just in case.
Its going to 55mtpa FY09 regardless and even cutting current contract fine levels down from $90 back to $70; allowing for instant dilution of all options/convertible shares and allowing $200m for interest on debt and 2b for expansion to 80mt (paid out of single years income) - it should still be earning well over 20c per share.
See my 'low ball valuation' on 3/10/08 for the numbers.
bought at 4.60 next buy 2.00
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Last
$18.56 |
Change
0.120(0.65%) |
Mkt cap ! $57.14B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.68 | $18.30 | $218.7M | 11.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 57703 | $18.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 4301 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |