No dividends please until they are making recurring NPAT. IOH...

No dividends please until they are making recurring NPAT. IOH capital position and strong management are what has got it to this point - it'd be crazy to risk this for a fleeting dividend to temporarily increase the SP.

Great announcement today too - and confirms the Co doesn't do things (early cancellation of the FMG option) without good reason. Another huge tick on their ability to deliver and I think this is going to be significantly rerated from here. $1.50 will be reached and, provided the Fe price doesn't nosedive 2H, then IMHO institutional investment will return this to the $2+ mark by years end. Big call but I think todays rise is only the start..