FMG 1.20% $21.41 fortescue ltd

Iron ore price, page-6771

  1. 11,419 Posts.
    lightbulb Created with Sketch. 504
    The last divy announcement wasn't dripping in confidence.

    Didn't pay low end of guidance.

    Sent poor message to market, hoping they correct this time and don't make that mistake again.

    They have access to as much investment capital they want through the bond markets at cheap rates now.

    Holders should brace themselves for more debt so diversification can be done properly, won't worry me as it will strengthen the company, might worry some unnecessarily.

    But time is money and both being wasted presently.
 
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