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
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $470.4M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 23.5¢ | $849.3K | 3.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 327834 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 125000 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| JMS (ASX) Chart |