The Chinese will never let FMG go broke because they are too important to the game. Your making out that Roy Hill is important. They haven't had anywhere near the cost analysis, real world time, of FMG and you automatically believe their pamphlet mining cost figures?
Like a Paddington terrace in Sydney, their assets are HIGHLY attractive. But your "mortgage theory" implies there is only one house for sale. Sorry bro. Ports, railways, machinery, ships, staff and STILL their costs are coming down. And they haven't had to sell a thing.
FMG are hated by Fairfax and the ABC for a simple reason. Andrew Forrest is too rich. SMH articles on FMG are the weakest secondary sources on the state of the company.
FMG will never go broke. Good luck but you are wrong.
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Last
$25.70 |
Change
0.510(2.02%) |
Mkt cap ! $79.12B |
Open | High | Low | Value | Volume |
$25.58 | $25.78 | $25.39 | $142.8M | 5.570M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1 | $25.63 |
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Price($) | Vol. | No. |
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$25.75 | 3050 | 3 |
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1 | 250 | 25.600 |
1 | 500 | 25.570 |
1 | 45 | 25.510 |
2 | 5021 | 25.500 |
Price($) | Vol. | No. |
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25.750 | 3050 | 3 |
25.770 | 5000 | 1 |
25.780 | 9000 | 5 |
25.790 | 3595 | 1 |
25.800 | 21934 | 14 |
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Last
$25.73 |
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Change
0.510 ( 2.20 %) |
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Open | High | Low | Volume | ||
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