Here in lies the problem with fmg atm. Everything they seem to do is seen as negative. If they choose to pay a dividend the market will probably react negatively citing the need to reduce debt. If they choose to pay down debt and not pay a dividend, the market will view it that the company is not telling us the truth and really struggling with debt. What I struggle with is that I think the company is in the strongest position it ever has been in. We're now in the "end game" that people have been predicting for the last five years for I/O, and fmg is in a position where it is now a low cost producer, and proven that barring a catastrophe it is a long term player capable of good returns - but the share price is as low as its ever been over a relative long period of time.
Iron Ore Price, page-1533
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Last
$21.59 |
Change
-0.270(1.24%) |
Mkt cap ! $66.47B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.51 | $95.00M | 4.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7115 | $21.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.59 | 4291 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |