I am of the view EFT has no shares at all and is simply jealous of us that have shares.
He was saying not long ago IO would drop to $50US/T and FMG would drop top $15 a share.
The dividends for FMG is just about the best ion the ASX where they put 50% to 80% of profits into dividends.
Next years dividends going to get up past $1.25 due to far more iron ore they'll be selling along with
more FFI sales.
FMG has port permission to go from 182m/T to 210m/T for the next financial year.
That extra 28 million tonnes will make a difference to the dividends.
I think the next one as it is for late September will be anything from $1.08 to $1.25
They've had good sales with FFI products of late too.
The next few months I see FMG going past $26 a share.
Iron ore price, page-52883
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Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |