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.
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Last
$17.09 |
Change
-0.235(1.36%) |
Mkt cap ! $52.61B |
Open | High | Low | Value | Volume |
$17.11 | $17.23 | $16.83 | $149.8M | 8.743M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1525 | $17.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.09 | 6775 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 371 | 17.060 |
26 | 12927 | 17.050 |
21 | 9663 | 17.040 |
16 | 12143 | 17.030 |
14 | 11447 | 17.020 |
Price($) | Vol. | No. |
---|---|---|
17.070 | 6360 | 20 |
17.080 | 9127 | 17 |
17.090 | 12991 | 12 |
17.100 | 12073 | 9 |
17.110 | 7555 | 10 |
Last trade - 13.04pm 15/08/2024 (20 minute delay) ? |
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