"hmmm doesnt sound very good when the banks are trying to share there loans..."
Huh? Near 100% of major loans to resource companies are split between dozens of banks. Sometimes one bank will take it on and then resell the loan to many others, as Merrils/Bank of America recently did, or sometimes a syndicate is set up to finance projects, as has been mentioned. In the most recent loan-raising by Merrills, it was considered a vote of confidence that Merrills actually undewrote the loan themselves. In other words, they regard default as low-risk.
I'm surprised that you are able to give us opinions on FMG, if you are not familiar with basic financing of major projects.
News: S&P puts FMG on credit watch , page-4
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Last
$22.04 |
Change
-0.320(1.43%) |
Mkt cap ! $67.86B | |||
| Open | High | Low | Value | Volume |
| $22.32 | $22.41 | $21.98 | $158.0M | 7.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39363 | $22.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.05 | 1722 | 4 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |