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$26.90 fortescue ltd

Interesting take thanks for the reply sorry I probly sound abit...

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jbone11

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03/05/23

07:52

Post #: 67576137
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Originally posted by jb206: ↑

FFI has been promised 10%, but haven't spent 10%, so they have roughly a billion or so allocated to spend (creative accounting), which will come out of our cash on hand.
Assuming 70% debt and huge assistance from US governments, we're probably looking at $10+ billion worth of projects so far.
Also note I expect a lot of JVs, and many projects where we only provide the electrolyers, not produce the energy, just produce hydrogen.
So basically FFI is financed pretty well for the next 3 years ahead already. Those projects should create a revenue stream to finance future projects.

China could easily fail, but its not a bet I would be taking. Even if iron ore demand falters, as you said there will always be demand, especially with India & Africa finally growing. Add inflation to the cost curve & FMG is sitting pretty. Green Steel is basically needed to stop 8% of global CO2 emissions, part of the green push, no true alternatives except keep polluting. Hydrogen is the only proven solution for heavy duty transport (trucks, ships, planes), today's batteries aren't close to cutting it, so hydrogen is a good bet.

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Interesting take thanks for the reply sorry I probly sound abit pessimistic just like discussing different scenarios.

FMG Price at posting: $20.84 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $26.90		Change -0.340(1.25%)		Mkt cap ! $83.22B

Open	High	Low	Value	Volume
$27.24	$27.25	$26.88	$61.38M	2.271M

Buyers (Bids)

No.	Vol.	Price($)
5	39346	$29.59

Sellers (Offers)

Price($)	Vol.	No.
$24.21	12583	4

View Market Depth

No.	Vol.	Price($)
5	39346	29.590
1	791	28.990
1	872	28.780
1	50	28.600
3	60832	28.250

Price($)	Vol.	No.
24.210	908	1
25.020	1963	2
25.550	6860	3
25.560	113461	14
25.620	33	1

Last trade - 15.59pm 21/05/2024 (20 minute delay)


Last $26.91			Change -0.340 ( 1.46 %)
Open	High		Low	Volume
$27.25	$27.25		$26.89	494294
Last updated 15.59pm 21/05/2024 ?

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