Let me say a company with no debt is not growing. First to secure a debt to expand you have to show your ability to use the debt to expand and service and re pay the loan.
Lenders did not give fmg a huge amount of capital with out being satisfied, that they had a good plan and a good management to reach their goals
. Fmg has used it money to increase production by over 300% and have reduced its payments in advance of its obligations. What more can be said.
And ore up + aud down = cost down = more cash flow = debt reduction = higher share price.
so lets see how that pans out that is not a shorting Equation at this time
Debt, page-157
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |