FMG 0.65% $20.27 fortescue ltd

Iron ore price, page-10601

  1. 3,510 Posts.
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    As at end of day including the 100k purchase at $6.04 I hold, 650K shares, Market Value $3,939,000, Gearing 60.00% 

    Dividend = 550K @ $0.30 covers margin loan for over 18 months.

    All sweet unless price drops dramatically (still have buffer of $600K)If only your $13.00 sp predicvtion made a few years ago finally eventuates.

    Happy with sp above $7.00 in next few weeks or months
 
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