We find out that date tomorrow.
It often shoots up by about $3 to $4 then drops back by $2 or more before taking off again.
The only time in the last 4 years it didn't happen was when IO was over $200US/T and zooming skywards.
IO is often down to about end of Sept where it will bounce around a fair bit before taking off.
The thing is that this time round from September 25 onward's they are re placing all the old IO
so it might not drop back as much as people think it will.
If come ex div date and the IO price is at $110US/T and rising then it might not drop back at all.
Ex div date last year the IO price was dropping and didn't take off until early October.
Iron ore price, page-54179
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