Iron ore price, page-10340

What an absolute pearler of a day, wow, wow , wow

 

And in my opinion we have so much further to go

 

FMG is in such a strong position now and moving forward, 30 cent dividend says it all about how confident the company is with future profits.

 

I had to laugh at all the doom and gloomers on these forums lately as the price has just continued to rise, I particularly like how all the shorters come on appearing to be neutral and throwing up charts etc trying to say look guys be careful of the pullback blah blah blah or regurgitating articles that say vale will fix its problems and ramp up production blah blah blah.

 

Its funny they do this in a manner that they think appears to not be down ramping.

 

Then you have the clowns come out that are just dead set naive and ignorant and give themselves no room for error at all, for example the divi will absolutely be 11 cents, and anyone else that thinks otherwise is fooling themselves and just idiots, or the ones that say yep this is definitely going to pull back to 5.50.

 

Just can’t believe the tripe on here sometimes, what happened to just being humble and objective??? Or expressing your views in a less arrogant way. My way or the hwy still lives on very strong in the fmg forums.

 

The facts still remain this company is that robust and strong it’s not funny, its probably only in a small handful of companies on the asx at the moment that is just absolutely printing cash.

 

Nothing but growth looking into the future, Jesus the current spike in iron prices have not even touched the surface yet, those results will surface in pending reports to come. Imagine the figures and dividends in 6 months to come.

 

I just can’t understand why people get hooked on the technicals, look at the god damn fundamentals, Jesus I’m an idiotic from the suburbs and I can even see what the future holds for fortescue. This company is ticking all the boxes.

 

It is not out of the question for this to hit 8,9,10 bucks in the next 6 months. I myself mad the mistake of selling A2 milk at 2 bucks when it went to 13, and selling bellammys at like 7 when it went to 23, I still kick myself every day for that, I promised myself I wouldn’t make the same mistake on fmg. The trend is your friend; let the profits run and just set a trailing stop loss. And if it sits around 6-7 sheet I’m still happy, I will just keep collecting the juicy dividends. FMG today sent a clear message that it considers and cares for its shareholders in the fact of a 30 cent dividend.

 

Surely people can realise that fmg has had a few tough times, like the last 18 months were tough with discounts, I think now it becomes pretty clear that the tables have turned and its now time for fmg to shine.

 

I mean seriously this company when the ore discounts were brutal and in full swing made like just shy of 1 billion profit after tax, also people forget that this company on any given day has like 1 billion in cash at the bank.

 

I just can’t believe how relentless the down rampers continue to be simply because of their own ignorance.

 

Anyway that’s my 2 cents, Apologies if this comes across as arrogant, but I just can’t bite my tongue when I see some of these posts were people just continue to keep the blindfolds on and back themselves into a wall with their comments.

 

Good luck to all, especially the longs that havehung in there through good and bad and are now being rewarded. Well deserved.