Great post!
Have to disagree with you on this quote though:-
"The only danger for FMG in not delivering is that the IO price tank"
Biggest risk is IO price tank AND the inevitable $A tank which would accompany it. Check out what a US70cent, or lower, exchange rate would do to FMG's debt levels.
Being low on the cost curve is a good thing during tough times BUT not with exorbitant debt ratios. RIO and BHP would be streets ahead of FMG then.
Not saying it will happen but it is the biggest danger. Anyone who puts too much faith in Abbott, Hockey and Cormann running our economy if another global crisis hits may well be seriously disappointed!
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Last
$16.34 |
Change
0.010(0.06%) |
Mkt cap ! $50.31B | |||
| Open | High | Low | Value | Volume |
| $16.35 | $16.49 | $16.31 | $52.67M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76274 | $16.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.37 | 16100 | 2 |
View Market Depth
| Last trade - 16.13pm 07/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |