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Ferrexpo Share Discussion Threads
Showing 5476 to 5499 of 5500 messages
|I have been thinking for about 6months that we could be at the start of a new commodities boom. 2016 was so strong. If you zoom out to the 10 year graphs it puts these stocks like VED, GLEN, AAL, MT, into perspective. The media is often very negative about iron ore, especially Oz media. I think the iron ore buyers own the media somehow as its always doom and gloom even when the price is rising. If you look back through the year and compare the media reporting to the iron ore price you will see what I mean. Personally I am very up-beat about iron ore. There's plenty of serious infrastructure spending on the horizon all over the world (e.g. China, US, India to name a few of the biggest budgets). The boom could be de-railed by macroeconomics and political actions...so its important to keep abreast of world news and compare a variety of media sources to keep a healthy view. As for FXPO there are many more intelligent and knowledgeable traders and LTHs of FXPO than me. I have been involved here since the 70p range. From these intelligent posters I have learnt a huge amount (e.g. see Granto, Lemmink, Onedb, Telbap). As I understand it the fundamentals of FXPO are great. Leadership seems to be impeccable and they have reduced debt while increasing quality of product during a rising iron ore price. There are a few key reasons why these high grade pellets are increasingly in demand. I think this could go to 230 and past 300 quite easily, especially if the iron ore price takes a new wave up. My other holdings are AIM stocks URU, GLR and... my absolute favourite... BMN - Bushveld Minerals.|
|Hi Giles....Thanks for your honest posting....and good calls on FXPO....could I ask if you follow VED...and if so what are your views on them....Back to FXPO, everywhere I read, consensus is Iron Ore Price to fall this year and next...due to over supply primarily...I only expected for FXPO to fall further went it fell to the £1.30's recently...The dips miners have had recently should be viewed as a good opportunity to top up I suppose...Thanks for your Help...OF|
|Giles, good close, close above 158 is pretty key. We will see a nice rally now on Tuesday, the to@@ers will probably dip it first give us all a chance to get in cheap.|
|Looking for 161 this afternoon|
|Ok fair enough. I purchased several times from start of day to that point. Highest price I paid was 153.641|
|100,000 shares. But to be honest, from this exchange I gather you are Taking the P. The reality is I am posting here to help people who may be new to this to understand the trades I am making and timings in order that they hopefully can make money. You are making fun of me ? saying im making £100. I don't understand why.|
|I know how many you bought.|
|Grechen - why £100? Profit in £ terms depends how many shares someone has bought.|
|Yes. Holding nervously. It would be great if iron ore rose more this afternoon and we could get to say 158 or even 160 by close of play. Could go either way though of course! :)|
|Good call Giles.
Looks like a nice bounce. And nice to see a change from normal Friday dips. Hope it sustains.|
|Well done Giles....you must be up just over £100 already.|
|Copper, lead, zinc prices to stay on the boil
This article by Frik Els for Mining.com may be of interest to subscribers. Here is a section:
Industrial metals prices are projected to jump 16% this year due to strong demand, especially from China, and supply constraints, including mine disruptions in Chile, Indonesia and Peru, the World Bank says in its commodities markets outlook published on Wednesday.
Researchers at the institution believe zinc has the brightest prospects this year and will follow up 2016's 60% price gain with a 32% jump this year.
Lead, often a byproduct of zinc mines, will also build on last year's gains and is expected to add 18% in value due to mine supply constraints brought on by permanent closures due to resource exhaustion, as well as discretionary closures and downscaling in Canada, Peru and Australia top zinc miner and trader Glencore.
[Lead] demand remains strong for the battery and industrial sectors, including increasing demand for “stop/start” vehicles, which use batteries containing 25 percent more lead than conventional units. However, lead demand faces threats from a maturing electric bike sector in China and alternate battery technologies (e.g., lithium).
The authors of the report also warn however that zinc-lead fundamentals may change longer term as higher prices "prompt greater supply in China, and Glencore’s idled capacity eventually restarts."
Eoin Treacy's view
The industrial metals represent a clear bright spot within a commodity complex that is under pressure from excess supply, not least in the food sector. The mining sector on the other hand has been through a painful process of rationalisation where expansion has been cancelled and uneconomic supply shuttered. Generally speaking it takes time for higher prices to justify the expense of reopening mines so the potential for a further recovery remains intact.
|Im looking to BUY first thing. Hoping for an initial dip which will provide better value but essentially Im bullish and buying. Iron ore price has stretched higher and looks like it will start this new wave upwards in my opinion. Could all change this afternoon but....watching closely as Fridays can be down days for FXPO. More often than not on a friday FXPO falls so if it goes south I will be out quick.|
|So, if you've followed the iron ore price today you will know it has gone down. Therefore unless it spikes up between now and the end of the day I am not buying. Waiting.|
|Just to be clear what I am saying is that I will start to be interested in buying at any price under 154. The iron ore price movement from 2pm will be the deciding factor. If they were to jump up then I would buy and hopefully be able to get in under 154p. If however, they were to drop again I would keep waiting, or start a short. If they were to initially dip but then rise strongly then I would buy but hopefully at nearer 150p. It is very easy to make mistakes but I am trying to be as clear as possible here so you know what I am doing and why.|
|Look at the timing of my posts, you will see I post almost immediately I have made the trade. Look at the iron ore graph. It is equally to the price at the end of the day on Monday. FXPO at the same time on Monday was just under 154. So that is my guide.|
|I am telling you pretty much exactly as I do them! Now I am watching and waiting. Iron ore price has gone up a little so it looks like it is flat. Waiting for 2pm when iron price will start moving again. If it goes up I will buy. Equally if FXPO has a big spike down (e.g. 2%, 3% or more) I will be considering buying|
|I wish you'd tell us all these deals BEFORE you do them Giles so we can all do the same...............you must be a very wealthy man.|
|Sold. I don't like the look of that Iron ore graph. It didn't get a to a higher high than last thursday so Im waiting on the sidelines|
|Had a quick short then Bought in at 152|
|Still waiting. May short this. (if anyone is interested?!)|
|hmmm may have missed the boat....will i have to be buying back in higher tomorrow??|
|Had i bought back in i would be selling right now. I am waiting for 145|