It's quite simple really
When the new low cost production is online the FMGs costs will be I the lowest 25% of producers
So regardless of the price a lot of companies will go broke while they make a profit
As others go broke supply reduces and prices go up again
If all goes to plan by Dec FMG will be bullet proof in terms of surviving
It has taken on a lot of debt to get there fast. Debt scares investors
Current prices and sale of part of the railway reduces debt very fast which is their stated goal
Hold on till Dec.
Only disappointment is in Dec we won't get our daily does of comedy from loobs. I'll cope
+ $4 on the cards, page-6
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Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.67 | 40000 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |