FMG 0.57% $8.73 fortescue metals group ltd

Iron ore price, page-12671

  1. 3,389 Posts.
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    riding it out, bought more to get the dividend

    Now hold 750k with margin margin loan maxed.

    Waiting on $450k dividend to reduce the loan

    Surprised that sp slumped badly today by more than $0.60

    IO price is at a multi year record high and 58.00% realised price now above $90.00mt, I would have thought sp should be at least $8.50 plus

    Wait and see if it recovers which it should unless I get caught out again with my pants down, which has happened before

    IO price, AUD, demand and Vale imo means FMG is still a star performer and the June Qtr Report will confirm this to be the case

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