Pre-payments for iron ore are a type of hidden short term debt. China inc is clearly aiming to support the miner and if it continues could eventually just swallow it up by default.
I always wonder how management massage these pre-payments into the financials also suspect a way of window dressing the cost. Seems the Chinese could continually string these pre-payments for their own interest until such time it is no longer cost beneficial.
Ann: FY15 Half Year Results Presentation, page-166
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |