FMG looking very risky carrying large debt pile and declining iron ore price and BHP and RIO wont stop increasing production in order to drive others out of the market.
I would like to see an update from FMG in regards to its debt covenants and how they look in the current market. Wonder whether FMG is sailing close to the wind.
This stock would be a good spec buy around $1.50 in my view
why would anyone hold Fortescue after all these oversupply comments, page-12
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |