Agree. The good news is that FMG has the balance sheet and cashflow and technical strength to sort it out if IBO has technical problems but the bad news is that this is a genuine risk and could happen.
If IBO finishes as planned and ramps up as planned it should give the FMG share price a big jump because that would reduce 2 major risks currently factored in the share price (the IBO risk and also the grade premium risk since IBO product is high grade).
Iron ore price, page-42527
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |