Last time i checked RIOs gearing it was about a year ago and they were 24%, FMG need to get there's down to that level, and the share price will appreciate big time if general commodity sentiment stays where it is, A double digit share price is not a far cry.
Taking out the entire 2019 debt will get the job done plus some.
Iron Ore Price, page-18101
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |