Iron ore price, page-47855

Thanks Tonylndo , I agree about the fundamentals which are unchanged and FMG has the best team to run its business and delivering the best results under challenging circumstances. I increased my holding with FMG drastically on Friday and couldn’t believing the market over reacted! It presented a great opportunity for me to load up . The September quarter was a great result and yes the cost has increased but has been to some extend by lower Australian dollar . I guess the next dividend will be 70 cents ( I am happy with anything above 50 cents ) . I trust the management will deliver the hydrogen by 2030 and I am pretty confident that the SP will reach 50 dollar in 7 years time . I can’t ask more ! Great dividend and amazing capital gain . There is no other company in Australia that has such a great value like FMG has got at the moment with SP below 15 dollar.
I have a strong suspicion that some people are getting paid by oil and gas companies to constantly written negative comments about FMG because they know by the time green hydrogen will take off , their business will lose its value drastically.