FMG Technical Analysis, page-168

The SP may bounce up a bit before 28. One may sell calls at 5.50 to reduce loss.
I was predicting major downturn about mid October - November. Chinese mills are still producing at full blast, but the future is clear; the killing pollution will be reduced this winter at a cost of reduced steel output and a consequential drop in demand for sub 58%Fe ore. Pellets, lumps and 65% ore are in demand and selling at a great price at the moment.
All IO products may come down in price, low quality most.
FMG with the reserves of low quality IO and a misguided dividend policy is facing serious problems.
Over the last 2 years the only investment in the future was a small flotilla of 8 ships, a little pain in the donkey. I see SP around 4.00 before mid Northern winter. Total wealth is a true metric rather than a dividend. BHP had a great dividend policy, ended up in massive impairments.

To change subject to a neutral topic.
Take any number
If even, divide by 2,
If odd, multiply by 3 and add 1
Continue......
No matter how big number you choose the end result is 1.
If you could explain the above fame and millions await.