Sentiment is actually reasonable at the moment with buoyant ore prices and some mining service companies rising . Fge do look cheap however their second half eps dropped despite despite revenue rise and their cash balance also went backwards.
Overall I think think at this level it is cheap but we don't know if something else is driving the drop?
I think they should have said we expect a strong half half and will issue guidance in coming weeks . Maybe they just didn't want to guess or maybe they have had some cost blowout?
FGE Price at posting:
$4.46 Sentiment: LT Buy Disclosure: Held
