Oh dear Puska.......do the maths!
Let's just say someone bought $100K at approx $17.00 (6000 shares approx) only 7 weeks ago, they are currently sat at a tidy $30K clear profit.
By your analogy, if the SP fell back to $10, their investment would be worth $60K, therefore losing not only $40K of original investment but the $30K profit as it stands today, a total of $70K!!!
Just to make $16K in a divi but not until March?!
Simples!!
Iron ore price, page-42564
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$18.33 |
Change
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Mkt cap ! $56.43B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 78 | $18.31 |
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| Price($) | Vol. | No. |
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| $18.35 | 100000 | 2 |
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