FMG 10.2% $18.28 fortescue ltd

Iron ore price, page-53303

  1. 3,438 Posts.
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    I think the Div will be anything from $1.08 to $1.25
    They've sold more iron ore and higher grade iron ore along
    with green FFI sales.

    Div is based on profits anything from 50% to 80%.
    Last div was on 65% of profits. Final one is often higher.
    Ore price on av has been higher and they've sold more.

    They also saying they'll be spending more on green projects yesterday which the market has not liked.

    Next year they selling an extra 28 million tonnes due to being able to sell
    more out of the port than before.

    August 28 we find out what the div will be along with super profits.

 
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