Can't recall where I read it but FMG's current margin was quoted at $15/t. (@ $US90/t)
That is 2.325 B @ 155m/t
Not exactly going bankrupt. Given they don't owe full debt repayments for several years and have a large amount of cash on hand, FMG is very well equipped to ride this out. Supply will be cut from other areas long before this starts to bite.
Can't recall where I read it but FMG's current margin was quoted...
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Last
$17.35 |
Change
-0.140(0.80%) |
Mkt cap ! $53.29B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $121.1M | 6.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 17150 | $17.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 9301 | 24 |
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| Last trade - 15.10pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |