Mike
My issue with FMG is that it is a 'one trick pony' with high gearing.
Any further deterioration in the Global Financial situation (is the Pope a Catholic?) will result is a blowout in the interest rate required to get their Notes subscribed.
I believe that the potential for FMG to implode, within 5 years, is greater than 50%, given the high leverage and reliance on one commodity & customer ie China.
Any relief will probably be short term and an opportunity to short (again).
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$15.97 |
Change
0.590(3.84%) |
Mkt cap ! $49.17B | |||
| Open | High | Low | Value | Volume |
| $15.55 | $16.07 | $15.49 | $129.1M | 8.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 57 | $15.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.97 | 400 | 1 |
View Market Depth
| Last trade - 16.18pm 02/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |