Good results. All-in cost (according to presentation) is US$28/t. Even if IOP drop to below $40/t, IMHO they should able to service their debt.
Don't forget their debt is trading on secondary market at 10-30% discount, so actual buying back debt is a lot lower than people think.
Only recently bought this stock from very low level, as I feel more and more positive about their management and going forward.
Amazing cost reduction, well done to entire board.
c1 cost down to $13 wmt, page-37
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |