As much as I dislike STO and especially it’s previously management who destroyed the company your statement is a little misleading. FMG did do those things which is a credit to them, however the slump in the iron ore price only lasted 6 months before rebounding to significant levels thus saving FMG. If the price didn’t boom again it wouldn’t have had that extra billions in cash flow to pay down debt, a capital raising would have occurred.
POO has not rebounded as such like iron ore.
Ann: Becoming a substantial holder, page-19
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Last
$6.92 |
Change
-0.100(1.42%) |
Mkt cap ! $22.47B | |||
| Open | High | Low | Value | Volume |
| $7.01 | $7.02 | $6.89 | $38.98M | 5.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40697 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 1000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |