When to panic.., page-4

  1. 5,502 Posts.
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    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.
 
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(20min delay)
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
Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
FMG (ASX) Chart
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