You ask Baukaw for share advice? Obvious you haven‘t been around last 5 months, hehe, whatever he said the opposite turned up a few days later.
$6.43 price is ok if you hold at least until half yearly, probably even shorter. RIO is reporting next Wednesday, and whatever RIO‘s return is, just add 1% for FMG and you will see SP start rising again.
China will keep GDP at 6.5%+ and they need infrastrure spending going for another 4 years minimum. Just think you will have another 4 years of 2016. US$4B+ cash flow per year with MC of A$21B?
Don‘t worry about SP ST, think of this way, every FMG share you own, it‘s making 0.1% of your SP in cash flow EVERY DAY. There is no other company can do that ATM.
DYOR.
Frank.
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1 | 30 | 24.000 |
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Price($) | Vol. | No. |
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