Bpinvestorstocks
"Twiggy is a shareholder in POS, and POS has MOU to process lithium for KDR and KDR has a monster of a lithium deposit ready for developing"
Yes, but...
1) FMG should have enough cash flow pay down debt (US$970m) this year and buy both POS & KDR and fund their CAPEX. All can be done by Dec 2017. Why move debt to 2022? Unless something much larger.
2) Also not enough diversification. You really need 40-50% of FMG profit comes from non-iron ore for hedge funds to stop short selling your shares. If iron ore prices collapse (most of hedge funds expecting this) FMG will be targeted and get push down to $2 or lower.
3) Twiggy. This will make him look bad if FMG over-pay POS & KDR especially Twiggy has personal gain from those over paid acquisitions.
Bpinvestorstocks "Twiggy is a shareholder in POS, and POS has...
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |