They agreed to the financing terms to get a 5 year maturity profile and a spare few billion in cash. They only have about 7 billion in net debt and are generating tax free cash because of their high depreciation expense. it was a high interest rate but those new bonds coupled with the blocking stake that Forrest owns make it near impossible for fortescue to go under in the next 5 years. After that is a different thing
Iron Ore Price, page-139
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Last
$21.27 |
Change
0.005(0.02%) |
Mkt cap ! $65.76B | |||
| Open | High | Low | Value | Volume |
| $21.58 | $21.58 | $21.23 | $41.39M | 1.923M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4230 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 3950 | 27 |
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| Last trade - 12.22pm 25/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |