Just another hotcopper ramper sorry.
If iron ore goes sub $70 and stays there FMG is in serious trouble. Unless of course they can cost cut and somehow remain cash flow positive (enough to service the debt). Otherwise a restructure should occur.
RIO broke support today. Personally I think you're better off buying RIO for iron ore exposure. Not a company that has large debts and sells an inferior product to the majors with questionable margins. FMG has achieved great things, its just that the other 3 major suppliers can do it better.
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Last
$16.31 |
Change
0.050(0.31%) |
Mkt cap ! $50.24B | |||
| Open | High | Low | Value | Volume |
| $16.28 | $16.37 | $16.20 | $61.44M | 3.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 16822 | $16.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.31 | 5689 | 25 |
View Market Depth
| Last trade - 15.42pm 04/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |