Last year I topped up thinking about future dividends after getting 11c then 14c.
Can't see one again until about 2027 unless they can get costs down under $250US/T
and be pumping out 10 million tones a year. They'll get to 1 million tones in the next few years but not enough
to get the massive profits.
Over supply problem which will see the price lower for years longer. May never see it near $4000US/T again.
Think it might be around $2000US/T but no higher. Simply to many mine expansions going on and way to many new mines
starting up.
Iron ore is where I'll put extra cash in future. They know how to make super profits and good dividends.
If I had my time again I'd have sold at $5.50 which I nearly did do. My last top up was at $3.48
My sentiment is not to buy and not to sell but to hold and probably wrong. We all get to greedy which is our
own silly fault really.
Last year I topped up thinking about future dividends after...
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Last
$4.14 |
Change
-0.030(0.72%) |
Mkt cap ! $12.46B | |||
| Open | High | Low | Value | Volume |
| $4.19 | $4.22 | $4.11 | $64.82M | 15.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96377 | $4.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.14 | 150292 | 11 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$4.13 |
Change
-0.030 ( 1.08 %) |
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| Open | High | Low | Volume | ||
| $4.18 | $4.22 | $4.11 | 5188310 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| PLS (ASX) Chart |