As much as I dislike STO and especially it’s previously management who destroyed the company your statement is a little misleading. FMG did do those things which is a credit to them, however the slump in the iron ore price only lasted 6 months before rebounding to significant levels thus saving FMG. If the price didn’t boom again it wouldn’t have had that extra billions in cash flow to pay down debt, a capital raising would have occurred.
POO has not rebounded as such like iron ore.
STO
Price at posting:
$4.92 Sentiment: Sell Disclosure: Not Held
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