Iron ore price, page-30860

I appreciate the contrarion view. Too many of these boards are filled wth blue sky comments for many of the shares.

I don't get the relevance of growth or no growth. Growth is irrelevant if you are buying an asset at $22 that is worth $25. It is true that as IO prices drop it will be up to management to either payout dividends or find something else and it is a risk because not many directors are happy for their company to just shrink even when it makes sense to do so. In that sense Twiggy is important so the right decisions are made once IO does start to drop.

It seems to me some fund managers are so obssessed with the APT, Tesla stories that they are shunning companies with no growth like FMG and that is exactly why FMG is a good buy.