I wonder if the ever dropping iron ore price will help force a rail deal between FMG & AGO. Back in 2012 when ore prices dropped, FMG was under pressure to look at selling some of its infrastructure. But then the ore price rebounded quickly and their cash flow powered along.
I was always of the opinion that had the price stayed lower longer, then a rail deal may have eventuated for AGO as this would have generated extra income for FMG. But instead, since that time, AGO has always just been in 'negotiations'.
With falling profits and the ore price close to FMG's cost to produce, will this bring them back to the negotiation table?
Not that a rail deal would do much to the share price in this market.
- Forums
- ASX - By Stock
- AGO
- Will ore price force a deal
Will ore price force a deal
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online