Price of Iron Ore, page-421

Would have been hard for anyone to forecast the dramatic fall in IO pricing a month ago. Now it seems a lot are forecasting or at least thinking the price will either stay at these low levels for the next 12 months or so and perhaps even drop further.

Anything is possible - but one shouldn't forget what the prices of other commodities were 12-18 months ago - gold, zinc, copper, silver etc and how many recovered rather nicely from low points and then some falling back. May pay to remember that we're in the mining space here and as far as I'm aware mining is cyclic and buckle up for the rollercoaster ride.

Questions of where will the share price be by EOY will depend on where commodity prices, exchange rates, supply/demand and production levels will be and how the general market perceptions will view certain companies and/or the markets overall. And don't forget the fashionable market darlings and FOMOs.

So what is a share worth - if one says 10c you're a downramper, if one says 50c you're an upramper. Taking an average and thus being conservative would land at 30c. Add in the possibility of another dividend payment in due course of say 4.75c and the divvies alone have given an investor 10c (with franking credits).

In the event that no divvie is forthcoming near term, at current pricing, the divvie just about to be paid still is a juicy whopper.

A lot can happen in the interim - panic is just one side, the other is to chill.

Now, where's that piece of string - or better still, the bacon and eggs - oh boy, who put those eggs in the one basket??