Well, even if IO drops 50%, costs increase by 25% and the debt increase to $3B, FMG is still making truckloads of cash!
The only time FMG will be in any trouble, is if they don't sell any IO at all! Not a likely event!
So, luck has nothing to do with it. Even with unreasonable, conservative numbers the doom sayers are just FUD artists, probably just looking for a lower entry.
PS: I don't hold, so I'm not emotional about FMG. I am however "up to here" with some posters (not necessarily you).
Well, even if IO drops 50%, costs increase by 25% and the debt...
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Last
$18.97 |
Change
0.100(0.53%) |
Mkt cap ! $58.90B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.96 | $122.9M | 6.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 7762 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.97 | 35 | 1 |
View Market Depth
| Last trade - 12.56pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |