Given fmg paid out 12 c dividend back in sept 16 and iron ore prices were under 60 us/t for the majority of the dividend period. Can anyone see dividend going below the 10c mark?
I mean surely iron ore will stabilise at some point, and revert back to around $60us/t . There is so many possibilities and without having some insider position of the Chinese government I don't see how anyone can say what will happen.
I guess I am just saying that I have been flogged but as long as fmg can cover me with some decent dividends then I can ride it out.
Just hope that stock pile rusts out and becomes useless real quick by the sea.
Iron ore price, page-764
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