FMG reduced costs under their control and only slightly increased supply
Happy to see IO price stabilise at $60.0mt no need for $200.0mt to see them thrive
Continued debt reduction will see sp reach possibly $10.00 in 12-18months if a further $2.0b paid off
Credit rerating to investment grade coming soon with instos buying in a certainty
I will be more than happy with the above not over the top scenario, no need to overreact and make assumption that IO price will skyrocket
YTD average IO price must be over $60.0mt now and increasing each day, further strengthening their ability to reduce gearing/debt
$7 by Christmas is a doddle!, page-62
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |