Fang,
So ... you're short FMG ...?!
As far as I am concerned (hypothetically speaking) they can dilute my holding.
This stock can handle PLENTY OF DILUTION. They haven't even PLANNED to scratch the surface of the deposits that they own access to.
Christmas Creek is assured of coming on-line soon - thanks to Valin's input.
And it's ALL sold before it comes out of the ground ...
The billions of dollars borrowed have gone toward;
1. the construction of state-of-the-art loading facilities
2. a rail line for delivery of the product to said port - small extensions of which will open access to a further 30% of deposits.
3. various processing, loading and storage facilities.
And what a great business to be in if you are producing a "piddling" amount of product - to make you CASH FLOW POSITIVE.
We may be seeing the birth of the next BHP here folks. But I think it would be physically impossible for things to develop more quickly than they have.
Hold your shares - and have just a LITTLE patience.
Fang,So ... you're short FMG ...?!As far as I am concerned...
Add FMG (ASX) to my watchlist
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Last
$22.52 |
Change
-0.100(0.44%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.55 | $22.31 | $31.25M | 1.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1759 | $22.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.53 | 4755 | 24 |
View Market Depth
| Last trade - 12.04pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |