RobbyP

KUMBA IRON ORE WHOPPER DIVIDEND COMING

JSE:KIO   KUMBA IRON ORE LTD
Today KIO is making its 3rd attempt at breaking below its 50 day moving average. If this does in fact happen it opens the door for a much larger drop. The trick is, there's a R41.30 dividend coming next week so going short becomes a very difficult choice. Historically, Kumba has held it's dividend more often than not...
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