Iron ore price, page-11040

Love your work defabs of high standard as usual!

Just caught Shaw and Partners on Ch95 and to paraphrase again cited possible mine opening in Brazil if it opens there will be still 50mt missing from the market.

Stated they are still buyers at this point.

Fmg CFO in their office yesterday pointed out total divy paid on friday is 104% not 80% of profits indicating confidence within fmg of forward cash flows.

Also stated divy yield could be as much as 16% (depending on buy in price obviously) over next twelve months (think that was the time frame memory a bit foggy).

They are pushing fmg obviously pretty hard last two days I've caught them.

Think these programs are replaid in the evening if one wants to record.