FMG 0.18% $21.90 fortescue ltd

Hi team- Divi of $.30 AUD, for me. $700 million usd to pay divi...

  1. 187 Posts.
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    Hi team-

    Divi of $.30 AUD, for me.

    $700 million usd to pay divi @.70 exchange rate.

    $1.5 billion usd debt repayment April next year

    $1 billion USD in bank cash on hand

    Net debt $1.7billion usd

    Management priority

    1 paying down debt

    2. Rewarding share holders

    3. Keeping strong balance sheet


    Just my opinion

    Regards

    MJAK
 
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