FMG 0.52% $21.32 fortescue ltd

About the same as last year when it run up from $16 to 26.They...

  1. 470 Posts.
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    About the same as last year when it run up from $16 to 26.
    They are clearly short and sad to be missing the fat divvys.
    Happy to still buy anywhere from $11.95 to $26. Same as last year.

    Fitch forecast $52/t by 2030. By then Fmg might not even be paying for diesel. Imagine the profits. Trucks trains ships all running off rainbows and sunshine.

    Each to their own but with Avg this year $155/t = another fat cheque fully franked in February. Why not start averaging in now all the way to $12? Probably the target ex div before shooting back to $19 for the August one.
 
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