At the current spot price FMG is cash flow positive and P&L loss FY 2016 full year of probably US$100 million max. Cash at bank currently around US$2.1 billion at a guess. But everyone else below the FMG cost curve (including Vale) is in major trouble and BHP and RIO will have trouble paying dividends without borrowing. Sub $50 IO price not sustainable unless we all start living in bark huts and riding horses.
Ann: Fortescue Completes US$750m Offer to Repay Debt, page-61
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Last
$17.43 |
Change
-0.060(0.34%) |
Mkt cap ! $53.66B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $174.0M | 9.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $17.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.46 | 25752 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |