Everything is heading in the right direction, apart from SP which I believe is being manipulated frankly.
Based on our scorekeeper the average so far this quarter for IO price is over USD$165.00/dmt
We are now 41 days into the qtr or neatly 50.00% there. If the average say for the qtr (90 days) is $160.00/dmt after allowing for 90.00% realisation against 62%fe the realised price would be around $145/dmt.
With all up costs no greater than $50/dmt which would make some allowance for the AUD/USD movement.
Profit of $95/dmt
production 45mt x $95 = $4.275m USD give or take.
FMG profit may exceed that of CBA for the year, what an amazing achievement that would be.
Where is Finch and Standard & Poor when you need them to update credit rating for FMG?
Dalian up this afternoon also, suppose FMG sp will go down again tomorrow??, even though most analysts are predicting higher EPS and dividend
Everything is heading in the right direction, apart from SP...
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Last
$21.63 |
Change
-0.040(0.18%) |
Mkt cap ! $66.59B | |||
| Open | High | Low | Value | Volume |
| $21.48 | $21.63 | $21.02 | $156.6M | 7.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2129 | $21.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.63 | 817 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |