If Cash at the bank at end of March is US$1.9B and Gloss Debt is US$4.156B:
Net Debt = US$2.256B at 19.5% gearing.
At IO average of US$70 for the rest of the year, FMG will be NET DEBT ZERO by November this year. I already allowed A30c finial dividend. (A50c full year dividend - 40% pay out)
I can't justify any selling at current SP, but that's Market for you.
DYOR.
Frank
Iron ore price, page-269
-
- There are more pages in this discussion • 54,235 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |