Unless IO prices recover.
The uncertainty of refinancing definitely created negative sentiment, but FMG probably think they can get a better deal elsewhere.
FMG is in a precarious situation, but they do have a bit of time with cash in the bank.
If the IO price keeps falling they will be stuffed, but repeating "$1!" as if that'll happen tomorrow is insensible.
Anyway, what's going on with the high-cost producers? They should be announcing shutdowns at the moment.
Ann: Refinancing Update - Launch of Senior Secured Note Offering, page-26
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |