Not sure it will get there but I have a wad of cash ready just in case.
Its going to 55mtpa FY09 regardless and even cutting current contract fine levels down from $90 back to $70; allowing for instant dilution of all options/convertible shares and allowing $200m for interest on debt and 2b for expansion to 80mt (paid out of single years income) - it should still be earning well over 20c per share.
See my 'low ball valuation' on 3/10/08 for the numbers.
bought at 4.60 next buy 2.00
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |