The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Fe 65 pellets holding up well at $236/t.
Next dividend in March 13.2c has to be a dead cert surely unvrkw.
A 20c dividend in March would cost the company around £120M.
They can certainly afford it, so fingers crossed.
As far as i can work out robin,
FXPO achieved a pellet premium of $21.10/t in H120 and an av sale price including pellet premium of $127/t .
With very low out of the ground C1 of 40.9/t
This achieved an ebitda margin of $86/t.
At today’s prices the company is achieving ebitda $205.7/t
Market will catch up.
No need to shout unvrkw,
I will whisper very quietly today’s fe65 price was $194.5, but the pellet premium was a monster $51.3
Total $245.8/t.
There’s also something else happening on the quiet, and you have to ask yourself why.
The 65 spot price is moving away from 62 spot price and the premium growing.
http://www.custeel.com/en/csi.jsp
check box for pellets premium
Planning on saving up 2 years worth of tax first before attempting.
For now though with the uptick dividend to 13.2 USc, assuming it is maintained across all four dividend dates, is a gross dividend of 11%, which is fantastic.