Goldbear
I've been through several commodity cycles as a CEO
One of the big issues is that booms are the only times Boards and shareholders approve big expansion projects.
Even tho they know overcapacity will follow if they don't invest they will be left with a higher cost business than those that do and could well become unprofitable
It's a huge dilemma but they invest eyes wide open to stay in business
As for FMG I will hold long term. After debt is reduced we will have costs in the bottom quartile. China will both close capacity and increase demand
And the pent up demand for infacstructure renewal in the USA and Europe is very material
An outside punt is India will reduce corruption and begin growing strongly
Overtime a low cost IO producer has a bright future
GoldbearI've been through several commodity cycles as a CEOOne...
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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 |