Interesting,
this really is drivel.
1. FMG took a gamble. it borrowed heavily. with POI now probably below cost of production it will have trouble paying off debt. (very few expected POI to fall below about $110 pt)
its doing what is has to do- reduce costs, raise capital, delay expenditures, and hope for better days very soon.
2. The carbon tax has had little effect on FMG at this time.
3. I guess you have put in for a pay reduction? and you now expect to have less social benefits that are provided by govt? Cause that is what you have asked for.
4. If you think there will be any benefits to you by changing Fed govt. you are in dreamland.
5. "all major projects ..." rubbish. but i think that marginal commodity projects will be under review.
BTW the expression is "on the nose"
Interesting,this really is drivel.1. FMG took a gamble. it...
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Last
$20.14 |
Change
-1.180(5.53%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.02 | $262.9M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $20.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 2500 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |