Oh and as for FMG! They have just announced a 45c dividend, the same as BHP!!
No upside? Even if the project got legs (and it won't). When will IRD ever be able to pay a dividend?
They will be lucky to meet their exposure to the Capital cost debt.
Haematite V's Magnetite, page-11
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Mkt cap ! $58.24M | |||
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