exactly right
like I said all the good news or as you state levers have been pulled, unless there is something out of left field, there is nothing to see here, nothing to have heaps of people sitting on the side lines waiting to pour in.
in saying that the div is compelling as far as what they will do there, however I think sp will float around the 5 mark until we see div results, also iron ore is up near 70, cant see that going to much higher. regarding discount on fmg product well who knows, anyone's guess. this could perhaps even break the 5 mark again before info on div.
end of the day im not the sharpest tool in the shed, however I have a rough idea how to follow the actual sp action and the supply and demand of the actual stock itself, focus on the basics people, don't try and over complicate it
like ive said before they simply dig dirt out of the ground
leave it with you to do your own research.
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News: FMG Fortescue Metals Group says qtrly shipments of iron ore was 44.7 mln tonnes, page-21
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