Not completely sure about what you mean be "Aren't all the miners?" but absolutely, utilising debt is sensible and provides the optimum cost of capital when done properly.
I think some of the FMG longs have an exaggerated view of what reducing debt means, as this was vital to FMG when it was terribly over-leveraged and faced real issues about survival, whereas now FMG is close to investment grade.
The idea that FMG is risky to short because it has cash in the bank (which mind you doesnt yet cover the debt) is wrong.
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B |
Open | High | Low | Value | Volume |
$20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2123 | $20.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.36 | 4581 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2123 | 20.340 |
4 | 22803 | 20.320 |
1 | 31103 | 20.310 |
7 | 27487 | 20.300 |
4 | 6862 | 20.290 |
Price($) | Vol. | No. |
---|---|---|
20.360 | 4581 | 2 |
20.370 | 874 | 2 |
20.390 | 300 | 1 |
20.410 | 1000 | 1 |
20.420 | 10 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |