FMG - 2021 Interim Dividend, page-471

10 day chart - At highs and likely to be supported above the 20EMA until ex div.

Yearly chart - See March buy marker hard left. I suspect there are a lot of holders holding shares from here around $9-$10. To add to the post ex div sell off (and subsequent FC holding requirements) there will be some new 12+ month holders who chose to take advantage of the 150%+ cap gain and 12mo CGT discount. I also expect there to be some buyers waiting to take advantage of a perceived discount on any dip.

My opinion - Hold. The next dividend(s) is likely to be larger than this, amassing some $3+FC/year for holders. Negative pressure from AUD rising is easily offset by $170/t+ prices. World wide stimulus will float construction. I suspect the company (and AF) have more than just green steel plans, hopefully holders are afforded priority to participate (and a discount pair of RMs!).