$5 easy.
Now let's look at Debts:
Cash in the bank on 31st of March: US$1.5B
20c Dividend: -US$470M
April cash flow: US$70 @ 75%: US$330M (worst case scenario)
Cash at end of April: US$1360M
Now they want another US$1000M to bring cash up to $2360M
FMG can't touch the $2160M 2022 until next April so the remain debt is 976M + 478M = US$1454M
I said most likely both of these Debts will be paid off and so we get a better financial outcome, i.e. lower interest rate payment.
DYOR.
Frank.
Iron ore price, page-1334
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
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| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| FMG (ASX) Chart |