FMG 0.35% $25.66 fortescue ltd

The SP has been sitting mostly between $20-22 for the past six...

  1. 2,708 Posts.
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    The SP has been sitting mostly between $20-22 for the past six months - all good considering.

    Some of the news was a clear factor for the drop today ie profit down,& the CEO resignation wasn't great. But Iron Bridge gaining momentum is positive.

    If the SP drops below $18 then TB might get a little golf clap even though there has been no insightful date prediction like on a few previous occasions.

    Fundamentals in charge I'd say...

    I am happy taking the $1 dividend knowing the SP will most likely be sitting between $20-22 in a month's time!
 
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