FMG 1.91% $21.62 fortescue ltd

Iron ore price, page-42564

  1. 282 Posts.
    lightbulb Created with Sketch. 25
    Oh dear Puska.......do the maths!

    Let's just say someone bought $100K at approx $17.00 (6000 shares approx) only 7 weeks ago, they are currently sat at a tidy $30K clear profit.

    By your analogy, if the SP fell back to $10, their investment would be worth $60K, therefore losing not only $40K of original investment but the $30K profit as it stands today, a total of $70K!!!

    Just to make $16K in a divi but not until March?!

    Simples!!

 
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