Helikaon,
I already covered this in previous posts. I believe FMG currently has over US$2B in the bank. FMG is currently making minimum US$13M a day cash positive at current Spot price. I believe FMG would want to make a statement to the Market with a US$1B Debt Repayment and Net Debt down below US$3.5B or 30% Net gearing. I would love if they make the repayment before end of November, as next month the whole market will be watching Fed Rate decision.
DYOR.
Frank.
Repost - Query concerning FMG cost coverage and breakeven, page-23
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Last
$17.94 |
Change
-0.350(1.91%) |
Mkt cap ! $55.23B | |||
| Open | High | Low | Value | Volume |
| $18.20 | $18.24 | $17.92 | $112.0M | 6.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 440 | $17.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 10018 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |