Ferrexpo Share Discussion Threads

[foxy22] 04/2/2019 10:13

Monty look at this retrace my God!!Looks like i will get an entry point at 130.00

[tygarreg] 04/2/2019 09:11

I suppose 9m is not going to make or break them but you just don't know what's going to happen next. It is a cash machine though! I was also concerned over big increase in costs per ton in 4thQ report. Seemed way beyond any kind of inflation?

[foxy22] 04/2/2019 09:01

A bit like glencore...us hustice dept fine hanging cost the share 25%I dont like this hanging over their head...bellbottomSad share was my best ftse performer by far

[bellbottom] 04/2/2019 08:56

Trouble is, be hanging over company's head until such time as it's verified, either way. 20th March full year results - no guarantees sorted before then - hard to call peaks and troughs even with iron ore climbs/falls. What's the feeling? Long term great, short mid term, can't call it?

BB

[foxy22] 04/2/2019 08:47

Well i hope so...unsure what to do

[arja] 04/2/2019 08:42

foxy22,
always tricky to know how to react and best just to watch how it goes today on intraday chart and sometimesd a BHR strategy is the way to go .

[foxy22] 04/2/2019 08:38

Well they have announced a review of charity discrepancies....

[bellbottom] 04/2/2019 08:35

Can't imagine that there's anything 'crooked' going on here. Mr.Zhevago has been a big supporter of charities, both local and further afield. I can see that it has affected stock price but with iron ore still climbing, this must surely be only a blip.
Maybe too early to buy more. Always been a roller coaster with this share - what with previous bank failure, The events of The Maidan, etc,,, etc.... But always seems to bounce back.

BB

[foxy22] 04/2/2019 08:29

Well arja maybe...not sure what to doSounds like ukranian backhandersCouched in swiss respectabilityI am tempted to add.....

[arja] 04/2/2019 08:24

probably safer to exit if bounces later today foxy22 as there is now an unknown but
I guess you have a better feel for this stock than me as I just trade it occasionally . ?

[foxy22] 04/2/2019 08:24

Hope this is not widespread misappropriation....how did share price react last timeNotices a director resigned last week

[foxy22] 04/2/2019 08:12

They donated 9.5 million to bloomin Land...rather a lot to a charity?

[foxy22] 04/2/2019 08:10

Blooming land ...sounds some fund misappropriationGood time to add...?!

[tygarreg] 04/2/2019 07:11

WTF is going on now? Can't trust these banks in Ukraine. You would think a Swiss co would never have banking issues but this is second in five years? Someone emptied our account last time!

[its the oxman] 01/2/2019 22:53

300p very possible.

[arja] 01/2/2019 11:34

EVR has nice looking chart foxy22 and breakout today. maybe only for a day trade though as Russian company !

[arja] 01/2/2019 11:12

iron ore p;rice up again overnight foxy and maybe on way to 700. FXPO has pulled back after hitting 270 but it is A friday so I will lookn to trade it next week . nice weekend to you in freezing "pommyland" !

[foxy22] 01/2/2019 08:14

Still on a role....fxpoCertainly a beneficiary of revised iron ore pellet prices

[foxy22] 01/2/2019 07:31

Just a heads up...fmg is a very shorted share....and dont get caught in it when the reversal happens it drops like a stone...although analystsAre saying iron ore prices will be supported forA while....

[foxy22] 01/2/2019 07:29

It took long ehough to be in the money...so im pleased...unfortunately it came with the drop in vale and its woes....fxpo has done thirty percent This week

[arja] 01/2/2019 06:28

$6 seems to be chartresistance for FMG Foxy22 and almost there - a great performance .

[arja] 31/1/2019 20:29

saw this on FMG foxy22 which might be of interest to you. I have been trading it on oz marketv in last few days.

Another weak performance by Fortescue Metals Group in the six months to December 31, with shipments of 82.7 million tonnes the lowest for at least four years.

The company – which is the world’s 4th biggest exporter reported a 5% rise in its second-quarter iron-ore shipments as its new higher-grade ore helped lift output.

The world’s fourth-largest iron ore producer said it shipped 42.5 million tonnes of ore in the three months to December 31, compared with 40.5 million tonnes a year earlier and 40.2 million tonnes in the September quarter.

For the six months to December, Fortescue shipped 80.7 million tonnes of ore, down on the 84.5 million tonnes shipped in the December 2017 half, the 86.1 million shipped in the half year to December 31, 2016, and the 84 million tonnes exported in the six months ending December 31, 2015.

But investors won’t worry about that – all they can focus on at the moment is the possible positive impact on Australian iron ore exporters such as Fortescue, BHP, and Rio from the second dam disaster at a Brazilian iron ore mine owned by their biggest rival, Vale.

Investors sent the shares up another 4% yesterday to $5.64. They are now up 17% from last Friday when they closed at $4.80.

[foxy22] 31/1/2019 13:59

This share is on steroids..it means business

[noccer] 31/1/2019 10:22

The Vale announcement yesterday that it is taking a 40 million ton production hit as it handles removal of some 19 dams is good news for other producers. More importantly for FXPO Vale will cut 11 million tonnes of pellet production, which is reported to be 10% of the seaborne market. So both iron ore prices and the pellet premium are set to rise, especially because it takes a lot of time and money to increase pellet production capacity. Could see $90/t pellet premium according to FT.

Price action for iron ore and pellets may become clearer after the Chinese New Year holiday.