FMG 1.02% $18.44 fortescue ltd

Iron ore price, page-28099

  1. 3,510 Posts.
    lightbulb Created with Sketch. 147
    $114.00 realised price, implies 62% Fe Platts as being USD$127.00 for the 6 months to 31-12-2020.

    So far average 62%fe over USD$160/mt. We are 50% of the way for the quarter ending 31-03-2021, so realised price based on 10% discount will be over USD$140/mt being a 22.00% increase.

    Cash flow will surpass the best half-yearly report ever announced today.

    Final dividend for the year may well be well over AUD$2.00

    Cost blowout overrated imo and the only negative news regarding performance and management so far in the last few years.

    I forgive Elizabeth Gaines, $1.47 dividend bonanza for me




    https://hotcopper.com.au/data/attachments/2920/2920917-a06ba9591e3262938c7eddcb39885033.jpg
 
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