Iron ore price, page-23160

I am from Germany. I can buy vale or FMG in Germany. I did not get the extra tax from FMG.
The dividends from both companys does not diver for me.
For sure, FMG had a great performance in the last years. i bought the shares at a little bit less then 2A$, fove years ago. at this time the iron ore price were down at about 40 us$ per ton. FmG had a lot of debt on the balance sheet. Nothing was perfect, but everything was perfect since then. Great Management, the right projects, cost reduction, operational improvement.
FMg is now producing 178 mt per year based on an investment of 155 mt. Furthermore,
we have more high value productes, like wbf or fortescue Lumps. Great.


However, iron ore is still a cyclical industry. if the price stay there, FMg will print money.
i guess, at the moment not only mining guys buy FMG, also chart investors.
this are brainless people.
on the other hand, everybody is hating vale. dam ruptuee with Samarco in 2015 and a second in 2019.
Then the virus. Only a brazilian problem?
very easy to hate Vale at the moment.
Years ago, Vale was called King of iron ore.
i am thinking about the theses, that the best were done for FMG and an aga8nst the market investment in vale. at the moment, I am still thinking.

sometimes it is the best time to leave the party when everybody is totally happy.
Lay back and think about this.

Mike