The problem is that past dividends were based on a 3yr average MN price of $3.53 and a 5yr average MN price of $4.12. Current average FOB price PE is $2.72 much lower profit. I recall a dividend yield of 20% on this stock years ago but will be hard to pay a yield of 10% at these MN prices. Just hope it pushes some other miners out of business, China needs more steel and we don't spend much Solar Install and EV Battery research.
Ann: Macquarie Investor Conference Presentation, page-5
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.6M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.3¢ | 28.0¢ | $528.4K | 1.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 226639 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 338918 | 13 |
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| Last trade - 11.56am 04/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |