Iron ore price, page-21370

my friend it is anyone’s guess, all I am seeing is a fantastic company that has weathered all storms. A company that has always maintained its direction, and with a solid stable backer (twigs).

I didn’t expect the IO price to maintain, I expected China to slow down with Covid. Obviously China has invested heavy in Brazil, but things just aren’t working out maybe it’s the possibility their big investment starting to show signs of weakness (ie they won’t tariff Australian io), and it is unfortunate but wet season and dam collapses and now the idiotic behaviour of their president. Brazil appears to be problematic.

A while back it was the grade and now Fmg has ensured that won’t be a problem again, rio went autonomous now Fmg are autonomous. Fmg the lowest cost, Fmg diversification inevitable, Fmg and chinese relationship amicable.

to be honest yes definitely a risk at these high prices but as we have always maintained the company is bloody fantastic. And I expect a decent dividend coming up.

It might go down but I will continue to hold, I have held throughout all adversity and the will never let go.