Iron ore price, page-38919

We have all clearly stuffed up big time but what is done is done now.
It will eventually go back up.

When ever you buy into FMG if it makes you slightly more happy think of it this way if you bought i two years ago
you'll have about $5 in divs and bit more in franking for tax and over a 5 year period this shares pay fr themselves
but only if IO is above $100 US/T and if blow that figure it may take 7 to 10 years t pay off in divs.

I think if we all had our time again we'd have sold at $25 and be waiting until it bottoms out to get the massive discount
and then be able to buy twice as many shares back.

The last quarterly figures get posted some time this month and that will see the share price bump up
as it will be far higher than a year ago and that will be great news and see the stock bounce upwards.

My sentiment is hold or buy not sure which to click on so will go hold.