So many variables at play
- Current volume may exceed 160.0mt, I read potential of 172.0mt pa
- Discount applied against 62.0 fe
- Stripping ratios ( i sought of understand) "could significantly reduce costs in the short run"
- Dollar value of costs cut in employment and contractors
- Effect of AUD
- Amount of savings in reduced diesel costs (spend in 2014 > $800.0m)
- Reduced shipping costs
- Reduction in costs due to better port facilities
- Reduction in costs ($30.0m) and efficiency gains with new scheduling and production software ("world class")
- Savings achieved using autonomous truck fleet
UBS estimates that based on the recent drop in freight costs and the weaker Australian dollar, Fortescue is now cash break even at a benchmark price of $58, keeping it in the black compared with Monday's price of $63.30.
Does the UBS cash break even price of of $58.0mt take into account all of the above??? The $51.0 cost per mt should also be on the high side, and FMG may really surprise on this.
All hope is not yet lost, I was toying buying more today for a short term trade at $1.95 but fear set in, could of sold at around $2.03-$2.05 for a decent profit, too risky, Thursdays report will be the game changer.
I am also expecting a major announcement soon similar to their rabbit out of a box in 2012 when they manged to refinance at better rates with no loan covenants. Management seem to come good in difficult times with FMG.
- Forums
- ASX - By Stock
- FMG
- market is underestimating fmg
market is underestimating fmg, page-2
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$21.86 |
Change
0.000(0.00%) |
Mkt cap ! $67.30B |
Open | High | Low | Value | Volume |
0.0¢ | $22.18 | $21.69 | $308.7K | 12.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 633 | $23.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.50 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 633 | 23.000 |
1 | 3705 | 22.970 |
9 | 40520 | 22.950 |
2 | 10056 | 22.930 |
1 | 300 | 22.750 |
Price($) | Vol. | No. |
---|---|---|
20.500 | 1000 | 1 |
20.770 | 9821 | 5 |
20.850 | 8544 | 1 |
20.860 | 5200 | 1 |
20.990 | 632 | 1 |
Last trade - 09.58am 10/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online