FMG 4.01% $19.73 fortescue ltd

IO at $150.55US/TCurrency...

  1. 3,975 Posts.
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    IO at $150.55US/T
    Currency $0.77US
    https://www.sgx.com/derivatives/products/iron-ore?cc=FEF

    Look at the graph on the link above for the past year.

    Average buy price for the previous quarter was about $121.
    So far this quarter its about $155.

    Our dividend may well be over $2 a share come the end of the financial year.
    A muted virus is getting out of control in Brazil and now over 280,000 dead
    which is all very sad for that country which is just about bankrupt.

    Brazil going to take years to get back to where they were. Their work force has been decimated by the virus.



 
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