FMG 0.23% $21.91 fortescue ltd

Iron ore price, page-52556

  1. 3,233 Posts.
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    Think the $19 in the coming months will be wrong.
    It may get under $20 this month or into July but that is as far as it will go.

    Reporting season starts in August some time and that is when the shares will
    take off quite quickly upwards.

    The not long after that the dividend comes out and watch the shares fly even higher.
    They only drop on that certain date to the amount of the dividend then over the next few weeks
    drops harder until pay out before they rise from the ashes again.

    Come December the stocks will be quite high again as will the iron ore price.

    Its a never ending cycle.

    Now if Putin does something foolish and a war breaks out then all bets are off. It will free fall hard
    as will every single stock. My bet is he is all bluster. Megalomaniacs don't like to risk to much in case
    they go to far and it comes back to haunt them.

 
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