Your are confusing me with Frank.
FMG would benefit from diversification into an commodity with low correlation (which isn't pellets ewo) - but can well achieve investment grade in their current form.
Priority is to pay down debt (as they are doing), not on silly m&a as they cant, not on buybacks that would have blown even more shareholder value given recent performance.
Iron ore price, page-1455
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Last
$20.47 |
Change
0.450(2.25%) |
Mkt cap ! $63.02B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.64 | $19.90 | $227.3M | 11.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2983 | $20.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.50 | 2160 | 2 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |