FMG 3.09% $17.34 fortescue ltd

Ann: June Quarterly Production Report, page-13

  1. 748 Posts.
    lightbulb Created with Sketch. 68
    This is a great report (as expected) - good to hear they exceeded the shipment targets.

    Now we await the full year report and dividend news!

    One question (not sure if anyone knows the answer) - what value are we getting for our exploration dollars? They spent $116m US in FY20, estimating $140m US in FY21 - and I may have missed it but I don't recall a resource upgrade (and certainly no new finds) in over 12 months.

    I know we're not a penny dreadful explorer, but it would be nice to understand the results of this spend (maybe I have missed it in annual reports or half-yearlys as I get too excited about juicy dividends).
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$17.34
Change
0.520(3.09%)
Mkt cap ! $53.38B
Open High Low Value Volume
$17.31 $17.51 $17.00 $309.6M 17.18M

Buyers (Bids)

No. Vol. Price($)
1 300 $17.33
 

Sellers (Offers)

Price($) Vol. No.
$17.35 28897 5
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.