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
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Last
$21.76 |
Change
0.350(1.63%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.76 | $21.32 | $97.85M | 4.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1380 | $21.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 28571 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |