Ferrexpo Share Discussion Threads

[bellbottom] 29/4/2021 08:45

Weir Group providing energy saving solutions to Ferrexpo - all good for longer term efficiency and profit margins and a greener footprint for Ferrexpo.



BB

[r9505571] 27/4/2021 20:38

Yes. Things are getting scarily high! There may also be some anxiety over recent sharp rises in commodity prices, which are now starting to bleed into the agriculture sector, as both corn and wheat prices surge to multi year highs, largely oversupply concerns due to unseasonably dry weather in North and South Dakota."

[zho] 27/4/2021 18:34

Iron ore, the steelmaking ingredient that is the main source of profits for some of the world’s biggest miners, has hit a record high as Chinese steel mills crank up production to make the most of high margins, while copper also closes in on a new peak..........

[r9505571] 27/4/2021 10:55

https://www.mining.com/iron-ore-price-hit-record-high-fuelled-by-structural-supply-shortage/

[arja] 26/4/2021 14:05

bit like a yoyo today and after exiting my day trade at 438 I am tempred to re-enter at this 433 level as iron ore price has only come off a touch from level earlier today !

[arja] 26/4/2021 10:49

how true but it has pulled back more than expected after getting about 440 . Iron ore price retreated a bit on profit taking but still a great looking uptrending chart

[shaf200] 26/4/2021 10:39

Relentless....

[podgyted] 26/4/2021 07:59

Fortescue finished up 4.8%. Perhaps we're in for a good day.

[denziiil] 25/4/2021 14:07

#FXPO at current fe65 pellets spot $280/t, generating in excess of ebitda $2B per annum.Market cap currently £2500M/ $3.4B.Local politics aside, (and there possibly lies the opportunity) this should be multiples.

[bellbottom] 25/4/2021 09:49

A couple of interesting articles to add to the pot.





BB

[bellbottom] 24/4/2021 11:38

As much as it's welcome that Putin has 'pulled back' from invasion or a war footing, I still feel slightly apprehensive about the fact of the heavy armaments being left in place. Troops could be mobilised in hours and Ukraine and NATO countries taken by surprise.

I am not sure that Putin will be feeling victorious this week. The world may have sat up and taken notice, but we still laugh behind his back and he is still a danger for all the ridicule we might heap on him. I still think he has great plans to build his legacy, to build a new Soviet empire. Ukraine will always be the jewel in the crown, there is no doubt about that.



"If Russia wants to escalate in the future, they don't have to move anything as they have the equipment there," he told CBC News.

"All that heavy equipment takes time to move, whereas you can quickly move troops there."

But FXPO - onwards and upwards though I sense a retrace soon, a temporary drop before the next climb to £5.

BB

[bozzy_s] 23/4/2021 16:17

Thanks Bellbottom for the link on Ukrainian tariffs for iron ore. I'll assume it gets put in place from 1st July as expected.

That should coincide with FXPO's increased production to 13m tonnes / year.

Pellet price and premium staying strong. FXPO has around 100 - 150% to climb to reach a fair value.

Still lots of brokers haven't bothered to update their price targets.

[arja] 23/4/2021 12:53

that excuse in mind .

[arja] 23/4/2021 09:37

fingers crossed for that bellbottom . awful thing to say but he is such an evil human being . Helping Ukraine fight off Russian aggression would sadly mean almost a 3rd world war and the west would not entertain it . So just giving Ukraine some sophisticated weapons is all they would do .

[bellbottom] 23/4/2021 09:12

Hey Arja,

Yes I agree. And if Putin's flexing of muscles was a ploy to negotiate rather than invade, he has succeeded. The world sits up and takes notice. At least we have some kind of de-escalation, for the meantime.

Let's hope Putin has a heart attack or a severe stroke or falls off his tiger and breaks his neck. And let's hope it's soon.

I too worked in Ukraine for a number of years.

BB

[arja] 23/4/2021 08:43

FXPO still a lovely uptrending chart and could even get back to 500 resistance level in time . nice weekend all but wish we had some aussie style warm weather !

[bellbottom] 22/4/2021 15:42

Increase in royalty payments for iron ore an increasing possibility, given high price of ore. Possibly from July 21. As noted:

"Ferrexpo’s annual payments might increase by up to USD 137 mln (16% of 2020 EBITDA) to up to USD 173 mln (20% of 2020 EBITDA) during the high price periods.



BB

[bozzy_s] 22/4/2021 14:47

Good news. Well done the brave ones who held! The ridiculous undervaluation made it an easy decision for me. Even if there was a Russia / Ukraine war, FXPO wouldn't have disappeared.

[v11slr] 22/4/2021 14:33

Russia to pull troops back from near Ukraine

[shaf200] 22/4/2021 14:08

Sold too quick

[bellbottom] 22/4/2021 09:04

I see that President Zelensky has adopted a new law to call up Reservists without announcement of mobilisation. At the same time the EU's response to the further build up of Russian forces on the borders is to consider further sanctions. If they keep slapping Putin's wrist so hard his hand might fall off!

BB