For the record I hold no stock nor have a particular view.
Goldman Sachs research note from this morning implies that FMG's projects remain feasible where IO remains above $95 per ton (they have run analysis down to this IO price).
Also states "the key risk emerging is the severely
depressed iron ore price which, if sustained for a multi-year period, may
prolong debt repayment or trigger the need for further short-term funding".
Appears to me to be a cross your fingers that IO prices recover and hold at or above $100 in the medium term?
For the record I hold no stock nor have a particular...
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Last
$21.76 |
Change
0.350(1.63%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.76 | $21.32 | $97.85M | 4.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1380 | $21.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 28571 | 3 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |