a small divi ?, page-5

No dividends please until they are making recurring NPAT. IOH capital position and strong management are what has got it to this point - it'd be crazy to risk this for a fleeting dividend to temporarily increase the SP.

Great announcement today too - and confirms the Co doesn't do things (early cancellation of the FMG option) without good reason. Another huge tick on their ability to deliver and I think this is going to be significantly rerated from here. $1.50 will be reached and, provided the Fe price doesn't nosedive 2H, then IMHO institutional investment will return this to the $2+ mark by years end. Big call but I think todays rise is only the start..