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
$17.22 |
Change
-0.270(1.54%) |
Mkt cap ! $53.29B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.22 | $99.71M | 5.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 20482 | $17.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.23 | 1751 | 4 |
View Market Depth
| Last trade - 13.58pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |