AUD/USD effect
USAD/AUD Average Sept Qtr = $0.93
USD/AUD Average Dec Qtr = $0.86
Assuming USD/AUD for the second half January to June 2015 averages, say $0.76 this equates to a $0.10 decline.
C1 costs are impacted by US$0.20/wmt to US$0.25/wmt for every one cent movement
Decline = $0.10
Production PA = 160.0mtpa
Additional Margin = $0.20 (low side) @ 160.0mtpa = $320.0m USD
Total Finance costs 2014 = $741.0m , less the$330.0m cost saving post payment of $3.6b = $410.0m current interest expense PA.
Basically if the USD/AUD exchange rate stays at this level and IO price also stays at this level, FMG can meet its interest expense costs just from the benefit from the decline in USD/AUD.
Extract from December Quarterly Report
The US to Australian dollar exchange rate averaged 0.86 (0.93 in the September 2014 quarter) and reduced C1 costs by approximately US$1.60/wmt during the quarter. C1 costs are impacted by US$0.20/wmt to US$0.25/wmt for every one cent movement in the US to Australian dollar exchange rate.
- Forums
- ASX - By Stock
- FMG
- Debt
Debt, page-131
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B |
Open | High | Low | Value | Volume |
$18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1990 | $18.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.76 | 47022 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1990 | 18.750 |
1 | 160 | 18.700 |
1 | 18 | 18.660 |
2 | 6000 | 18.650 |
1 | 2000 | 18.640 |
Price($) | Vol. | No. |
---|---|---|
18.780 | 1700 | 2 |
18.800 | 2800 | 2 |
18.820 | 200 | 1 |
18.850 | 7661 | 3 |
18.860 | 1242 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
FMG (ASX) Chart |