FMG 0.79% $19.98 fortescue ltd

Iron ore price, page-53133

  1. mah
    1,412 Posts.
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    It depends on IO price ! If IO goes below 100 , we will see the SP below 20 before the dividend!
    Real bargain for those with a bit of cash . FMG still is printing money with IO around 100 and will pay at least 0.75 cent dividend every 6 months! But if IO goes below 90 , many IO mines can not operate with a loss and will stop operation, then the supply will be reduced and the IO price will rise again to 130-150 ! Time to top up ! Collect the dividend and wait for IO to rise again.I will buy with my dividend some more at these undervalued prices.
 
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