from Motley Fool, I hope the "Fool" in their name, proves to be justified
Foolish takeaway
As CEO Nev Power has said, this marks a turning point for Fortescue. If the iron ore price remains strong over the next few years, the company should easily be able to make its debt repayment schedule, and the current share price may appear cheap. The big risk is that the iron ore price does crash – putting Fortescue at risk of having to raise equity, or in a worst case scenario, folding completely.
from Motley Fool, I hope the "Fool" in their name, proves to be...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |