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17:02
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Originally posted by Superheat:
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Would someone much smarter than I am, please provide a guide on what the FV of FMG is at Iron Ore Prices of low ball $120. This would give me a base case scenario on the possible share price. I sold out at 25 as I have been expecting issues with iron ore due to internal issues in China. Now I wonder at what price I can buy back in as a long term hold for the dividend stream. Even at the worst case $80 that some analysts predict the long term price will be, FMG is making a ton of money. The 120 figure has no scientific backing, purely gut feel and happy to be corrected.
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Hi Superheat,last year (Sep-Nov) FMG traded at $16 - $17. Post ex-div date next month looks like $18 so could easily get down there under your IO price scenario.
(20min delay)