FEX 4.92% 32.0¢ fenix resources ltd

my thinking, I was in at 30c, 2c div means 6.67% return. if i...

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    my thinking, I was in at 30c, 2c div means 6.67% return. if i keep buying today i am still entitled to the 2c div.
    below 30c means my return is increasing. if it hits 20c today i have a 10% return in 1 day.
    the dump continues, sure, but Iron ore is a commodity with annual pricing cycles so if the price goes back to 30 or above?
    divvie plus cgt? its a no brainer for me ... or maybe i just dont have a brain. time will tell .

    NOT FINANCIAL ADVICE
    Last edited by MrGriffin: 29/08/23
 
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