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17/09/21
20:33
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Originally posted by VictorW:
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This Gold Dinosaur actually Good Entry Prince is around now $23+ now it's like forever consolidating. At least they up their Dividend payout policy 2X and their assumption of POG is US$1500 for any projects they are doing... same like fmg cost low.... like $12+ If i remember... this GOld dinosaur is within US$900 They will make money it's just more or less. the CEO did say in an interview when asked about forecasting POG... he answered something like we don't do a forecast, we focus on reducing cost, and expand operations within our balance sheet capabilities, they deliberately made the balance sheet super strong like 0% net gearing to sort of weather any storm. and Fund existing expansion projects via cash flow. Not from Debt. 0% net gearing. a Company cannot go under. Unlike that ever.. in *ahem*... $300b debt... Hopefully, crash AUD .. and XAUAUD will rocket everyone happy again.
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Just let it do it's thing, the time to load up is when the entire market tanks. FMG is at the mercy of China, but China is our saving grace when it comes to gold.