Hi Team ,
i reckon Pilbara Boy we are closer to the 2 billion- but say you are right at $1.5 Bi usd- we are over $2.1bil AUD
i May be wrong but didn’t we earn 3.2 Bil Aussie for the full year last year and we got a $1.14 dividend.
can only see another 2 months above $90 or $100 and we have another $2.1 BIl. That’s 4BIL Aussie profit for the first half.
what to do with al this money.
.
1/ reinvestment in mines - already on the way
2/ pay down some debt - well maybe not right now as we just did that and pushed debt out.
3/. The money shot- reward investors through dividends.
I smell an extraordinary divi being announced this month.
.
if not I think the first half divi to be minimum $.50
Giddy up you good thing.
go FMG.
al the best for all the posters and investors at FMG tomorrow with what I now will be a great report. We have been punished when we have had good reports in the past let’s hope that is not going to happen this time.
kind regards
MJAK
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