I doubt that we should call FMG's post dividend performance...

I doubt that we should call FMG's post dividend performance different at all.
From a purely objective perspective we can see that FMG is currently trading around the $21.30's - this is the expected trading area for a fall of $1.07 or so - this amount being the amount of the dividend plus the expected franking credit total.
The rise of 2%-3% odd in this mornings trading merely accounts for a reversal of yesterdays falls in IO miners generally as sentiment swings in favour of these stocks again. Also bear in mind that today is EOM and we should make allowances for a certain level of window dressing.
In essence the stock is currently treading water and is really neither up nor down, just ex-div and subject to EOM institutional and broker tweaking, imo...
We should wait for March to get an idea on short term direction...