If I may please point out to you the following to prove the Nev Powers is a one horse pony.
Right now
FMG market cap is $17.126 billion
One month ago
FMG market cap was $23 billion
So all his debt repayments mean nothing and the market keep telling him that but he just refuses to listen.
Twiggy is going to have to step in soon and set this guy straight.
FMG need to do something fast as 58% fe is no longer in the high demand it used to be. The game is now all about 65% 68 fe. The price of that will skyrocket in my opinion to $150 by end of year as more and more 58% fe gets rejected by the market.
There is a lot going on at the moment in this commodity space and I personally think Nev Power has been left holding the door after the horse has bolted.
I have written to him several times and all I get back signed by him is debt reduction and dividend payouts.
There is so much FMG can do that will make it the largest 65% 68% producer if he just listens.
My opinion DYOR
Iron ore price, page-701
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$25.72 |
Change
0.090 ( 0.55 %) |
||||
| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |