Hi Frank
Thanks so much for taking the time to explain this to me greatly appreciated.
Management is strong, I believe in them that's why I invest in FMG. IMO they will save and pay off the entire debt, return another good dividend, and then look at paying cash for another asset( some borrowings) , when right opportunity presents.
They may find new minerals to mine if their current explorations prove to be significant , thus not needing to acquire a business to become diversified. .
Thanks again
Kind regards
Matt
Iron ore price, page-1581
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Last
$20.18 |
Change
0.040(0.20%) |
Mkt cap ! $62.13B | |||
| Open | High | Low | Value | Volume |
| $20.33 | $20.39 | $20.01 | $76.87M | 3.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6028 | $20.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.18 | 2375 | 10 |
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| Last trade - 13.46pm 03/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |