FMG should seriously start offering up term deposits to the Australian public, not hard to beat the return offered by the banks what is it 2%?? They could offer 3% and make a huge savings against their current debt interest. If FMG went bankrupt sale of it's assets could prioritize guaranteed payment of term deposit holders.
The idea of the port being sold to shareholders for a couple of years before being bought back seems to have a lot of merit to me. The port as an asset has no debt and is in demand whether FMG goes bankrupt or not and if they can rent it for say 7% PA from their own FMG shareholders it's an interesting prospect.
People here seem to keep forgetting Twiggy built FMG in the first place, he is why you are on this forum talking FMG and is clearly thinking in it's best interests. You blame him for holding a big stake and having his say, you would blame him if he dumped his shares, when is it that you *don't* blame him??
Iron Ore Price, page-1676
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |