FMG has Net Debt of US$3B at the end of 2018.
According to my previous posts, last 2 months FMG most likely added US$900M Cash, there is a dividend payment of US$660M in March 22.
If FMG shipped 15wmt @ 20% discount @ Platts 62% of US$80/dmt per months, FMG will have cash flow of US$500M per month.
We are looking at Net Debt Free by August / September this year, this was unthinkable only 2 months ago.
What would the SP be when FMG is Net Debt Free and positive cash flow of US$500M per month??
Why sell your shares now I ask.
DYOR
Frank
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B |
Open | High | Low | Value | Volume |
$21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9803 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.11 | 10620 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 22.090 |
1 | 1400 | 22.060 |
1 | 2500 | 22.050 |
1 | 135 | 22.030 |
3 | 1485 | 22.010 |
Price($) | Vol. | No. |
---|---|---|
22.110 | 6540 | 1 |
22.130 | 107 | 1 |
22.150 | 1623 | 2 |
22.160 | 455 | 1 |
22.180 | 1850 | 1 |
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