A run-up to the dividend would be unsurprising provided IO prices stabilize (or better) and I am positioned for such an event myself, although in reality, the market is only going to be prepared to pay so much for a $2 + something dividend.
The idea that some people have of the stock going from $23 to $40 for a $2 + something dividend, is in the straight-jacket zone.
Iron ore price, page-32722
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$19.73 |
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