Hi rc
I had thought a few weeks ago best case would be US$3 billion cash on hand by end of April. But it might now be up to US$3.1 or US$3.2 billion. I think the debt discounts are history. Discounts were gone with IO at US$55 so above US$60 no chance. Best outcome now would be redeem at par to get rid of it, save interest and demonstrate debt reduction. That is the best way to get a rerate and away from the ridiculous cash flow multiple that FMG trades on.
Iron Ore Price, page-7110
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |