PC40
GM does not have 80 billion of cash to spend on investments.
IT has access to 21 billion of leveraged capital to use - NO CASH. It hasnt made a profit in 5-7 years from memory.
It will need to refinance something soon otherwise it wont have cash past early next year, so your mate better stop believing all the internal memos.
Regarding FMG, its hard to call $1 or $5 because IO shipments have been turned away in China atm, they have tripled their reserves over the past year, coupled with a price reduction of 40%. So who knows what will happen on that front, current cash flows will be critical to work out its real value. It reamins on my watchlist with a ST buy/trade view.
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B |
Open | High | Low | Value | Volume |
$22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1690 | $22.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.37 | 13926 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1690 | 22.350 |
5 | 7065 | 22.340 |
4 | 18200 | 22.330 |
3 | 5747 | 22.320 |
4 | 17409 | 22.310 |
Price($) | Vol. | No. |
---|---|---|
22.380 | 100 | 1 |
22.390 | 130 | 2 |
22.400 | 600 | 2 |
22.410 | 400 | 2 |
22.420 | 200 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |