Hi Karasco
Agree with analysis. At $139 FMG will roll it in.
However, please be careful with your figures. The realised price by FMG is about $80% of the spot price.
At $139, they will realise about $112.
The 20% discount is consistent in all of FMG's announcement and presentation.
As long as the spot price remains above $100 we are OK. Under $100 and we begin to look shaky.
iron ore up again!, page-14
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Last
$16.30 |
Change
0.420(2.64%) |
Mkt cap ! $50.18B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.53 | $16.00 | $202.0M | 12.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 895 | $16.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 237 | 1 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |