Iron ore price, page-276

When you say change their opinion what do you mean?
FMG seems to me to be a transparent and profitable company.
That's why I am invested in them.
If they go below $6 I won't enjoy, I will lament not dropping a few more than I did at $6.80 and def lament not dropping any at $7.30(may have been higher).
I am waiting for some funds to clear and will be considering another punt on them.

From the AFR today
Li Xinchuang, the vice-president of the China Iron and Steel Association, last week told a conference in Perth that he expects more volatility in the price of iron ore, forecasting a range of $US55 to $US90 a tonne in 2017, averaging about $US65 for the year. In part that reflects what Mr Li sees as the result of increased iron ore output in China, with producers chasing the earlier surge in prices, as well as increased global supply.

See @frankycc 's post # 23847414 earlier ( on my phone so I am having trouble double quoting), but if the price ranges between $55 and $90(US) and averages at $65 we are sitting pretty with lots more in the twiggy bank.

Some people just can't see the twiggy for the trees.

Anyway everyone keeps rubbishing IO prices and thus FMG.

I feel that twigs and stones may break your bones, but quarterly results will never hurt you.

I can't think of any more twiggy puns

srm777