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.
As much as I dislike STO and especially it’s previously...
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Last
$8.03 |
Change
0.035(0.44%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $8.09 | $8.09 | $7.97 | $26.83M | 3.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 70440 | $8.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.03 | 25361 | 40 |
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| Last trade - 15.52pm 01/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |