Save your breath and put him on ignore, he's been bearish since $4s.
I would of change account by now if I have been wrong for so long, hehe.
Everyday goes by, FMG is racking in nearly US$20M Cash at US$85/dmt.
End of June 2015, Gloss Debt: US$9.6B
End of Dec 2015, Gloss Debt: US$7.4B
End of June 2016, Gloss Debt: US$6.8B
End of Dec 2016, Gloss Debt: US$5.2B
End of March, Cash is expected to be US$3B, Net Debt down to US$2.2B. (Provided that the realised discount is 12.5% this Q, more or less depends on this discount)
I say Net Debt to be ZERO by September Q this year and Gloss Debt to by ZERO by March Q next year, why so late you may ask, the reason is most likely we will get a big chuck of profits from now on.
DYOR.
Frank.
Iron ore price, page-195
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |