Hi Team,
Very intelligent management team backed by a super intelligent Board, they have the finger on the market. I am confident they all plan ahead considering all possible scenarios. Post the most challenging times FMG has experienced ,Nev Powers stated they always had a PlanA.B and C, so why would now be any different.
They just freed up circa $400 million by not purchasing the Power station, I would be confident they will use this to pay down debt.
In one of my recent posts I quoted an email direct from FMG, stating they want to payout the 2022 debt as soon as possible, dependant on IO price. plan B, was to refinance at a much more favourable intereat rate.
This is consistent with the companies business priorities. 1/ debt repayment. 2/ cost reduction. ( in form of interest agents we year) current 9.75% interest rate. Could be sub 4%
In time it will be evident how effective and forward thinking this company and its management team are, and the market/insto's will finally take notice and need to get FMG on their books as a long term investment in their portfolio's and the share price will increase to a value that is truly representative of a well managed global player in the IO space, who has huge diversification potential, because they have been forward thinking in securing a large number of tenements in Australia and abroad. If you don't have the tenemants it's hard to explore and discover new opportunities. "Future proofing".
All the best
Cheers MJAK
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B |
Open | High | Low | Value | Volume |
$21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $21.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.93 | 18370 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2796 | 21.900 |
3 | 1560 | 21.890 |
4 | 21941 | 21.880 |
3 | 26259 | 21.870 |
4 | 26276 | 21.860 |
Price($) | Vol. | No. |
---|---|---|
21.930 | 11100 | 5 |
21.940 | 3030 | 3 |
21.950 | 7667 | 5 |
21.960 | 3333 | 1 |
21.970 | 6000 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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