Capital group sold out so shares down today. Their loss my gain.
It will all shoot back up when reporting season starts.
This is all normal for this time of the year.
Capital trying to start a panic and I have no doubt they'll also be buying back in once they think they've scared the market enough.
The games that go on.
Bargain buying time. Anything under $22 is.
I have no regrets buying in the last two days as I know it will shoot back up.
Since buying back in 2020 the dividends have paid for my shares up until two days ago that is.
The way I look at its my dividends over the next two years will pay for what I bought.
When I bought back in after the pandemic crash I suppose you can call it the shares were just over $9.
Dividends in that period are about $11. One year I think we got $3.56 back as one of he divvies was $2.11
If Iron ore gets to $150US/T again the dividends will be $1.50 or more.
As it is they are exporting more foe the next financial year and have sales of FFI related exports.
Think as they start selling not only more ore but their green projects our dividends of about $1 will shoot to $1.30 or more.
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