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.
Just another hotcopper ramper sorry. If iron ore goes sub $70...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |