The Rudd mining tax happened before the Lehman brothers...

The Rudd mining tax happened before the Lehman brothers etc....
As soon as the tax was introduced the mining shares all fell 5% in a single day and kept falling then bad news from the US
and a perfect storm happened.

FMG went from $13.15 to $5 or so then went up one day to over $7 then fell down as low as $1.13
FMG the following year did 3 dividends one being a bonus divvy and that added up to $1.13 in dividends for that year
so the clever ones bought at $1.13 which I did but sold at $2.57 Back then it was up and down for a long while.

It always rebounds back and goes even higher. Dips along the path with all shares. Trend over time is upwards.

PLS did 2 divs last year with 25c back to share holders and then go add franking credits.

The only worry is if a US large company tries to take over PLS like they did with AKE which was a blunder and glad I got out of that
and put my money into more PLS at $3.48 at the time.

I am here for the long haul.

FMG going south at the present but they'll bounce back too. I am only interested in dividends.