The sharemarkets obsession over dividends is presenting a real buying opportunity.
JW is clearly keeping his powder dry to buy up more assets if Iron Ore heads lower.
The real cash position of FEX is closer to $91M as they had $14 come through in July.
The market is pricing in worst case expectations of $80 USD a tonne. I would there still would be $40 AUD per tonne margins.
If JW proves the market wrong we will be sitting at 50c+.
The sharemarkets obsession over dividends is presenting a real...
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.0¢ | $515.0K | 1.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 263116 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 98584 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |