I've read a few Analysts Reports. The problem is FMG's ability to service their debt at the current price of the ore also taking into consideration the lower quality of ore FMG sells at a discount price. FMG may likey reduce their dividend to service this debt. This will drive the SP down further.
Just stating the facts.
fmg future, page-2
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Last
$21.10 |
Change
-0.115(0.54%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.24 | $21.30 | $21.07 | $11.91M | 562.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1383 | $21.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.10 | 4417 | 19 |
View Market Depth
| Last trade - 10.38am 24/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |