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?
The cash position is great but the fact they are saying there is...
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