The cash position is great but the fact they are saying there is pretty much no resource contracts on the horizon excepy Roy Hill is alarming.
When Simson spoke recently he had indicated they were close to signing some ersource projects, looks like these have been canned?
They need to replace $1 billion a year to keep revenue constant, the power side appears to be the only side with real growth possibilities in the medium term.
We have seen these sort of downturns before but I struggle to see a flood of projects coming and ore is still at $140 with little upside.
FGE is one of the better run companies for sure, which explains its share price actually holding up some what. the likes of NWH, MCE, BLY could be bankrupt soon?
- Forums
- ASX - By Stock
- FGE
- foster stockbroking meeting with fge
foster stockbroking meeting with fge, page-3
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FGE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online