A credit rating agency is not going to be impressed by more iron ore revenue - and associated debt for an acquisition. That worsens not improves diversification
MGX is a tiddler with no geographical overlap. No port or blending synergies there.
Pellets are a high-cost energy intensive exercise, it's a flawed model compared to high grade DSO
Diversification for FMG would be a very signicant base metals/alumina/energy play. Which is prohibitive as fmg can't afford to debt fund, and twiggy can't afford an equity raising (unless he was to be diluted). Bolting on a minnow won't do it.
fmg and fe, page-1137
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$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
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