RE:Iron ore prices tankingHistorically, LIF had the official dividend rate of C$0.25. But a lot of time, it had special dividend. I think at the beginning of the year, they merge the special dividend with the regular to create C$1.00 regular dividend and not use the term special dividend.
If the world's economy tanks due to x-y-z, I think it would be in the range of C$3-4/year. The $1.75/quarter is exceptional.
My theory of the most recent weakness was due to the China National Day holiday is coming and also China stops buying iron ore due to the trade war against the 5G. This may change to the better. Just heard a news report that China/American trade war may cool down a bit after the leaders phone call this morning. The iron ore price may able to hold above U$120.
Yesterday both Rusel Metals and LIF were up while the 62% Fe was down. Hope this is the light at the end of the tunnel..
My fingers are crossed.