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FortressMinerals Last:0.245 -

Close eyes and buy for long term

I think the company surely has some big problem. Insider sell off.

alixchoo ( Date: 23-Jun-2022 16:00) Posted:

WTF is going on with this stock!!?? Dividend coming up, but drop like free fall

Iron ore demand and price has been dropping. Might continue dropping.

alixchoo ( Date: 23-Jun-2022 16:00) Posted:

WTF is going on with this stock!!?? Dividend coming up, but drop like free fall

Welcome to SGX

alixchoo ( Date: 23-Jun-2022 16:00) Posted:

WTF is going on with this stock!!?? Dividend coming up, but drop like free fall

great move

Zerocool888 ( Date: 18-May-2022 18:47) Posted:

Now own 50,000 shares with average price of 0.40.

Waiting for it to shoot through the roof as demand of iron ore is increasing!

hosay ... moving up .. good results ... 0.45 now ..and moving up buyer in full control

Joelton ( Date: 28-Apr-2022 16:43) Posted:

Fortress Minerals posts 21% drop in FY2022 earnings to US$14.4 million

IRON ore miner Fortress Minerals saw its earnings tumble 82.3 per cent to US$1.1 million for the fourth quarter ended February, from US$6.1 million in the corresponding period a year ago.

This brought full year earnings down 21.2 per cent to US$14.1 million, down from US$18.3 million in the year-ago period.

Earnings per share (EPS) was down 82.8 per cent to 0.21 US cents for Q4, bringing EPS for FY2022 to 2.88 cents &ndash some 21.1 per cent lower than a year ago.

Revenue fell 69.8 per cent to US$5.2 million in Q4. For the full year, revenue was 9.1 per cent lower at US$43.4 million.

The Catalist-listed company said the lower revenue was due to lower volume of iron ore sold.

The decline was partially mitigated by a 15 per cent increase in the average realised selling price recorded in FY2022.

&ldquo Iron ore production and sales for the group remain strong and the group&rsquo s growth prospects are well-supported by efforts to invest in growing its portfolio sustainably,&rdquo the company said in a bourse filing.

Fortress Minerals has recommended a final dividend of S$0.008 for FY2022 &ndash down from the dividend of S$0.01 paid out a year ago.

The company said this was to &ldquo conserve cash for its working capital purposes&rdquo amid the lower revenue and profit.

great ... not bad .. some companies negative ..

spursfan ( Date: 27-Apr-2022 21:01) Posted:

PRESS RELEASE Fortress Minerals reports FY2022 results proposed final dividend of 0.80 Singapore cents per share, representing 20.5% dividend payout ratio ⚫ FY2022 revenue decreased by 9.1% to US$43.4 million as the Group focused on overburden stripping and maintenance work during the year amidst disruptions and restrictions due to Covid-19 sales volume of 357,394 DMT for FY2022 and record average realised selling price of US$121.27. ⚫ Net cash flow generated from operating activities for FY2022 increased by 47.8% to US$23.3 million, backed by strong EBITDA margins of 56.6%. ⚫ Strategic growth plans remain on track for positive contribution in FY2023 Group continues to maintain disciplined capital allocation into key assets and infrastructure to sustain growth prospects and support long-term shareholder value. ⚫ Proposed final dividend of 0.80 Singapore cents per share for FY2022, representing a dividend payout ratio of 20.5%, to reward shareholders for their continued support as the Group continues its growth plans. ... https://links.sgx.com/1.0.0/corporate-announcements/TTUF83VFM5FZHVRE/714425_FY2022%20Results%20Press%20Release.pdf

buy and keep ..