Last dividend on lower IO prices was $1.08
IO prices from January to June 30 were higher than from July 1 to December 31.
Also worth noting they sold more IO.
Been saying this since late May I think the dividend will be anything from $1.08 to $1.25
The last divvy was on profits of 65%
Divs can be anything from 50% to 80%
They tend to go bigger for the final one.
Shorters try it on to get me to sell well they can go bugger off as far as I am concerned.
I've started to ignore them. They are professional shorters. I have no time for them.
Its all guess work. FMG is also selling a higher grade IO now as well and as they sell more of it
the profits will be far higher.
They've also sold some of the FFI products and the penny has dropped on green hydrogen
due to it being to expensive to make so we'll save money in that failed venture going forward.
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