FFI is a wholly owned subsidiary of FMG but they are saying it will take out loans which do not have recourse to the FMG parent company. FFI sounds like it will be highly leveraged using renewable energy finance which makes it risky but they are saying FMG won't be exposed to this risk.
It sounds like FFI is being set up as a separate entity which is wholly owned for now by FMG but which one day can be separately floated off.
Iron ore price, page-38240
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |