African Min. Share Discussion Threads

[humbugg] 07/11/2014 15:28

you have to worry that the board hasn't come out with an RNS stating "weknow of no reason for the dramatic fall in the share price"

I DID SAY 10P

[stockriser] 07/11/2014 15:27

Now that would be beautiful ......


free stock charts from uk.advfn.com

[paul the octopus] 07/11/2014 15:25

regarding the raw materials demand, i trust the Baltic Dry Index as always being a leading indicator for raw materials prices, just look at the chart below for yourself



IO price will break back above $100 soon(ish)

[stockriser] 07/11/2014 15:23

Yes for me too ;-)

[stockriser] 07/11/2014 15:13

All the yes replies should put us to the top of the forums list ...lol

[stockriser] 07/11/2014 15:12

Should re-phrase that ....

Anyone else hoping there may be a strong rise into eod/week?

[nina65] 07/11/2014 15:11

No I don't think so..

[stockriser] 07/11/2014 15:10

Anyone else thinking there may be a strong rise into eod/week?

[seanywauny] 07/11/2014 15:09

Another 25k for me which isn't showing :/No guts no glory! ;)

[johnwalton] 07/11/2014 14:56

LOOKS LIKE SHORTS CLOSING IF YOU ASK ME.

not a chance I or any pi would get the price quoted for those large
trades.

[newswseller] 07/11/2014 14:55

if there ever was a seller

[newswseller] 07/11/2014 14:55

wonder if that was the seller done? 1m and 1.5m went through...

[newswseller] 07/11/2014 14:53

johnwalton, i think they were trying to say, the only reason for the drop could be the IO price. Mike also mentioned the price to me in his email.

[newswseller] 07/11/2014 14:52

Absolutely ludicrous drop here now since Monday. Does Iron Ore being down $4 this week warrant such a fall? If it goes back up $4 next week, will this double? probably not.

I cannot see now, how this is not a compelling take over target, given the infrastructure etc.

[johnwalton] 07/11/2014 14:50

substp

filtered


IR WOULD NOT COMMENT TO YOU ON IO PRICES.

[sapper2476] 07/11/2014 14:44

Wow. Just wow

[bulltradept] 07/11/2014 14:40

118K sell @ 9.85. Yikes!!!

[newswseller] 07/11/2014 14:28

miamisteve do you have a link to 58 FE prices? Mike qouted $63 to me as well, but that could be spot price and not reflective of what AMI would get due to content etc, but if they are not exporting anything in the next few days the current price is irrelevant.

prices are hard to come by, but if you look at this page, it actually shows prices paid and they are alot higher when you convert RMB back to dollars...

hxxp://www.umetal.com/en/ore.html

On Nov 7, 2014 (To be continued)
Iron Ore Miner:
--A tender of 170,000 tonnes 62%-Fe PB fines sold at USD 75.3/tonne through GlobalORE with Nov delivery;
--A tender of 170,000 tonnes 62%-Fe PB fines sold at USD 75.2/tonne through GlobalORE with Dec delivery;
--A tender of 80,000 tonnes 62%-Fe MNP sold at USD 75.8/tonne through GlobalORE with Dec delivery;
--A tender of 90,000 tonnes 62%-Fe PB fines sold at USD 75.5/tonne through GlobalORE with Nov delivery;
--A tender of 100,000 tonnes 60.8%-Fe MAC fines + 140,000 tonnes 57.6%-Fe Yandi fines sold at platts index and 58% MBHSP through COREX, laycan Dec 1-10;
Iron Ore Trader:
--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 700/tonne at Shandong port;
--Iron ore, 62.5%-Fe Newman fines a China based trader sold at RMB 525/tonne at Shandong port;
--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 540/tonne at Yangzi river port;
--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 515/tonne at Shandong port;
--Iron ore, 58%-Fe FB fines a China based trader sold at RMB 470/tonne at N. China port;
--Iron ore, 57%-Fe SSF a China based trader sold at RMB 440/tonne at Shandong port;
Umetal Briefing:
Imported iron ore market could not find an end to the weak trend with sluggish transactions. Premium of lumps kept increasing as PB fines sold at RMB 515-520/tonne in Shandong by gained RMB 5/tonne decline while PB lumps sold at RMB 690-700 with slight rise. Iron ore traders in Tangshan and Tianjin had optimistic outlook about the iron ore price in next week after the APEC but the space for rebound could be still limited. Iron ore futures rebounded for RMB 5/tonne.

[forwood] 07/11/2014 14:17

Thanks for that clarity Miamisteve. So if the price AMI gets in dollars hasn't fallen but the exchange rate has, AM should be doing ok, plus of course costs will have fallen...

[newswseller] 07/11/2014 14:07

lebiche??, i was responding to scottie for the obvious derampt attempt

scottie01 7 Nov'14 - 13:06 - 2961 of 2968 0 0

Have to agree with lebiche,that reply looks very ominous to me,I'm looking to sell now.

[m_n_tomlinson] 07/11/2014 13:53

I'm half expecting this to collapse to around 8p on Monday morning..

Might foolishly brave the falling knife and pick up a few then..

I mean, I assume the company isn't going under though the share price would otherwise have you believe..

[broncowarrior] 07/11/2014 13:36

This IO is unsustainable, RIO and BHP have really f'd up here and robbed their shareholders of billions of dollars in profits by increasing production to such an extent. 200mm tonnes per year at 100 bucks a ton with 70 bucks a ton profit is better than 300mm tonnes per year at 30 bucks a ton profit, plus far less capital intensive.