Hi AHendo.
You are right to be concerned about the dividend if the IO price keeps dropping. However on the upside;
IBO will be commissioned next year giving 20mtpa at a premium price. That gives upside in a years time and the high IO prices right now reduce the funding risk for the project because FMG has cash.
FFI will start to kick in at some point. At the moment it gets ignored in a share evaluation for FMG but there is a lot of investment happening. That will start to help with lower energy costs next year and then hydrogen earnings in future years.
So FMG has upside risk not just downside risk.
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1 | 1285 | 19.440 |
1 | 400 | 19.430 |
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4 | 8988 | 19.410 |
Price($) | Vol. | No. |
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19.520 | 7000 | 1 |
19.530 | 77076 | 3 |
19.540 | 399 | 1 |
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