FMG 3.61% $20.10 fortescue ltd

Iron ore price, page-8978

  1. 2,060 Posts.
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    dividend has been 10c-25c last few years.
    My call 20c.

    Expect with this IOP above 72 & AISC at 13
    - dividend of 20c
    - Another BB of $500M in August
    - AF buys another $100M on market using his annual divvy payments of $300M
    - another $500M bond debt refinanced at cheaper rates and extended out
    - another $1.5B of debt repaid in 2019
    - cash holdings double

    and share price goes to 7.00! Where it should be.
 
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