Fantastic news on the debt pay down
And the asset buy back
Some other snippets I've heard
Diesel to gas conversion could be very positive
Vale not getting premiums cause of higher silica that doesn't blend well with domestic Chinese ores
FMG demand from China growing as product is in sweet spot left by India. China views India as unreliable so even if exports resume it will be an uphill battle
Contractors costs dropping dramatically as is second hand equipment
Clive's Sino Ore going badly, not close to capacity or making money
China has delayed approval for a 15 m re IO mine permitt due to environmental concerns
China mines around 1 bil tonnes domestically at about 29% ave grade. Lots of work before it gets to a furnace
Lots of stuff lining up for FMG Some controlled by them Some luck
Go you good thing
just gets better
Add FMG (ASX) to my watchlist
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |