Frank,
What you fail to take into consideration is that the business model looks like it will never come to into completion.
The model is/was to upgrade to critical mass and beyond.
At current it looks as though that won't happen.
The company is cash flow negative - making a loss on every tonne shipped - and does not look like raising the funds for the needed upgrade.
The market has moved and FMG has been caught short. If credit markets open then yes this will be a success but, without, I am afraid that someone with alot of cash will have to take over; and it won't be at a premium price.
Frank,What you fail to take into consideration is that the...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |