Well according to some brokers FMG's breakeven is US$75. Spot went below that.
If iron ore bounces FMG is the buy of a life time. If it stays sub US$70 then FMG is probably in serious trouble. Restructure, equity raising etc etc.
Generally in a market crash one buys blue chips. Not highly leveraged miners with a single commodity focus. Especially a commodity where it is no where near the bottom cost curve.
Even a few dollars below FMG's all in cost is seriously damaging to the company since it producers so much ore. i.e. 150mt x $5 = $750m hole, plus you need to factor in additional cash flow required for debt repayments (excluding a capital raising/restructure).
FYI I am not short. I missed this opportunity on Tuesday (got called away from my computer when FMG was about $3.15-$3.16).
Goodluck guys, but remember FMG did a massive capital raising to the Chinese when it was sub $2 as well. IMO its best to buy if iron ore goes back to US$80 or at least the AUD plummets.
High risk/high reward.
- Forums
- ASX - By Stock
- FMG
- When to panic..
FMG
fortescue ltd
Add to My Watchlist
3.42%
!
$18.35

When to panic.., page-4
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$18.35 |
Change
-0.650(3.42%) |
Mkt cap ! $56.49B |
Open | High | Low | Value | Volume |
$18.44 | $18.73 | $18.31 | $149.8M | 8.154M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 4916 | $18.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.37 | 1032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2589 | 18.350 |
3 | 1283 | 18.340 |
3 | 1812 | 18.310 |
13 | 14429 | 18.300 |
2 | 4896 | 18.290 |
Price($) | Vol. | No. |
---|---|---|
18.370 | 1032 | 1 |
18.400 | 2468 | 3 |
18.430 | 158 | 1 |
18.440 | 190 | 1 |
18.460 | 4200 | 2 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online