SP been going down quite consistently since 7th January while the iron ore price has flatlined.
While today share holders might not impressed about the non conservative approach of Twiggy and worry about their divi(greedy bastards), there was already the worm in there somewhere.
I am sure with the current and future expected earnings there would be enough for record dividends and still have money for future thinking investments.
Unfortunately some share holders don't have much interest in the future. Maybe they think they don't have much longer to live.
That is an issue as it will probably take 5-10 years before any of these new projects generate financial gain.
Income from green steel production might kick in earlier though especially if our lame gov would suddenly change their mind and actually support such incentives ...hmm ScoMo 40,000 actual full time and lasting jobs, what do you think?
Ann: Dr Andrew Forrest Boyer Lecture, page-38
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