FMG 1.63% $21.76 fortescue ltd

Iron ore price, page-11000

  1. 187 Posts.
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    Hi All-

    not a big deal, but at today’s high and adding in the $0.30 dividend about to be paid we were off the high of $7.27 in 2017 by 1 cent. .

    For those like me I wish I had got out back then, and rebiught circa $4-$5

    Having reached the highs back again ($7.27 was prior divi I believe), is messing with my mind a bit. I honestly thought we would see $8 back in 2017 that is what I held on for.
    Always glass half full, and then watched it waste away to $3.53.

    Mind you hanging in there through the tough times and thankful of FMG paying good dividends, I have made some good in roads to paying the mortage down

    I am still bullish on this getting to $8 plus, but am mindful of the smokes and mirorrs small news like Vale coming back on line can have on the sentiment of the market and the SP.

    also mindful that I am sitting on a CGT discount of 50% and that I need to time as best I can the sale of the shares to maximise the CGT discount - advantage.

    so watching carefully and mindfully not to go to the dark place again by making the same mistake I did in 2017.

    Keen to get out this great share wand ensuring I locking in some long term hard earned profits.

    good luck all,

    kind regards

    MJAK
 
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