Ferrexpo Share Discussion Threads

[lodgeview] 05/4/2024 15:06

It's dead. Finished. GONE!

[geckotheglorious] 04/4/2024 10:16

Bellbottom,

I think it's only the odd person. Most agree climate is changing but disagree on main causes..

For me it's the big ball of fire in the Sky that is the main influencer.

Humnakind is a small influence.

UK is irrelevant

[bellbottom] 04/4/2024 10:00

"bellbottom
"but to say climate change is a huge conspiracy or a hoax is in itself a conspiracy and a hoax"

Who is saying such."

Have a look at previous posts. Everyone doesn't agree that climate is changing - though they are best ignored.

This conversation started off not about the principle of climate change but in what Ferrexpo is doing to be 'greener' and in effect to improve their long term business model in relation to competition and to open up new sales routes based on these changes on many fronts. No matter what you believe in relation to climate change and whether or not humans are the main cause, Ferrexpo are creating a better long term 'climate' for growth and value. Ok, so the whole thing could be scuppered if Ukraine are defeated by Russia and/or Zelensky manages to break up Ferrexpo and divide the spoils.

Before the start of the war the huge potential for Ferrexpo was evident despite all the negatives. The potential is still there but the war and possible state sponsored corruption may yet see that potential taken away.

[geckotheglorious] 04/4/2024 09:22

bellbottom
"but to say climate change is a huge conspiracy or a hoax is in itself a conspiracy and a hoax"

Who is saying such.

Everyone agrees the climate is changing.

Where we disagree is whether it is anthropogenic or not.

Either way, UK emits 1% of worlds C02 emissions.

If we go net Zero, at immense financial cost(and economic hardship) on an ever increasing populace, what difference will it make when China produces 2 new coal power stations a week???

World polluters.

China and then a distant second, USA.

Talking notional tonnage terms obviously which is all gaia cares about.

[bellbottom] 04/4/2024 09:07

I hadn't realised that this forum was so populated with such world renowned scientists whose every word should be taken as gospel. After all, just look at all the evidence they have put forward in presenting their combined theses?

Yes, coal and oil will continue to be used in huge amounts but to say climate change is a huge conspiracy or a hoax is in itself a conspiracy and a hoax.

And given your flat-earth beliefs, why would you even consider being on this forum and having any interest in Ferrexpo who move at pace in developing their 'green credentials' which, from what you are intimating, is all based on nonsense; a global conspiracy being instigated by 'big brother,' whoever he, or probably 'she' is?!

And I state that from a standpoint of recognising that we will need coal and oil for many years to come.

[geckotheglorious] 04/4/2024 08:32

1knocker..
Post 1720.

We agree.

Climate changes in cycles.

Little we small humans can do about it (other than to respond by preparing for what we believe will result )

[mreasygoing] 03/4/2024 23:08

Climate change is a hoax. Anyone with critical thinking ability will be able to see it's a means of wealth redistribution.

[loganair] 03/4/2024 19:37

The base supply of energy, especially for AI, which is going to need a massive amount of energy to run on, needs to be stable, therefore rules out wind and solar and the such like.

[1knocker] 03/4/2024 17:28

I am not much interested in what causes climate change. The consequences are the same whatever causes it.

My concern is that our attempts to influence it will do more harm than good.

Concentration on electrification to reduce carbon alone for example, opens the way to huge environmental damage through the vast amount of mining requiredto provide the necessary electrical metals, and if that is combined with solar and wind, requiring a completely different collection and distribution grid, the consequences are potentially catastrophic.

It is more than ironical that the Germans turned their faces against nuclear, built wind farms, and a year or so ago demolished one to restart lignite mining on its site. Lignite coal is one of the least energy dense and most polluting energy sources they could have turned to, but its what happens when ideology trumps engineering.

[1knocker] 03/4/2024 16:29

If you want to know the reality of the great electrification, don't listen to the ploiticos, the BBC or Greta T, just do a little research into copper mining capacity, and copper exploration and mining construction (or the lack of it). If the copper miners are not gearing up fpor the great electrification, that tells you all you need to know.

I don't doubt the UK will achieve its net zero goals, of course. The de-industralisation of the economy is proceeding apace. Close the coal mines (producing anthracite, the cleanest and most energy dense coal in the world) and ship coal in from Australia. Hey prsto! that coal is net zero by their metric. Likewise close the steel plants and ship it in from China or India. shut down North Sea oil and gas production and ship tht in from abroad too. Does the carbon emission of production in Australia, India, China or anywhere else in the world count, or the carbon emissions from shipping all that weight and bi=ulk around the world? Nah, of course not. Its not reducing world carbon emissions that matters, just meeting our targets, which conveniently ignore those emissions.

Soi get ready to be poorer and damage climate and the world environment in pursuit of counterproductive targets based on false carbon accounting. You have seen t all before. Do you remember the reduced hospital waiting lists, achieved by not putting those awaiting treatment on the list which was subject to the target, instead putting them on a list to await that listing until the hospital was ready to treat them? Great, wasn't it? Target achieved, applause (and bonuses) all round. It did not get anyone treated any quicker, but what the hell, when you have a target to achieve, achieveing that is all that matters. The OBJECTIVE which the target was meant to advance becomes irrelevant..

[1knocker] 03/4/2024 15:57

The great thing about the ESG nonsense is that it has depressed the prices of the shares of companies to which the 'virtuous' will neither invest in or lend to, creating investment opportunities yielding good returns for the PI who could not give a toss about diversity, greenery or any of the rest of the fashionable nonsense.

Just look at the knots which BP tied itself into, and is now trying to row back from.
Shell too, to a lesser extent. The smaller players do not attract the 'activist' investors or government or press scrutiny, happily.

Political hot air and press comment are valuable though. I always arrange to have some cash on hand to invest during COPP conferences. The wild promises and dire predictions create a buying opportunity in fossil fuel investments.

Just remember, never in the history of the world was more coal being mined and burned than now. I have made a packet on coal stocks, bought when the politicos were promising to end coal mining and burning within a few years .....

It was reassuring to have a ton or so of the stuff in a bunker in the garden when gas prices were at their peak too.

No energy source will supplant fossil fuels unless it can compete with fossil fuels on safety, price, reliability and availability. And 'price' needs to include storage and /or backup, and distribution costs, which the solar and wind lobby conveniently omit to mention.

And think of all the diesel which is going to need to burned to extract and process the ore for the copper required for the great electrification. Except that developing the necessary copper minescannot be achieved by 2030, probably not 2050, and not then without enormous environmental damage.

The future is nuclear, and fossil fuels.

[loganair] 01/4/2024 20:12

Improve quality of product - always good.

Contribute to the preservation of the environment - just to tick the box for the green lobby.

[bellbottom] 31/3/2024 13:27

For those doubters as to the efficacy of decarbonisation and green steel, the last paragraph you should read.

[loganair] 28/3/2024 17:07

Ditto with BHP, also big dividend from Shell a couple of days earlier.

1knocker, maybe you could set up a new thread?

[1knocker] 28/3/2024 15:57

Add Biden to your list, Bellbottom. It would probably substantially increase your chances of being made happy, given the decrepit state of the man!

I look around me and see more ideological nonsense than I used to!

Actuaully, I am having rather a good day - big dividends have come in from BHP, DEC and Imperial Brands plus a couple of smaller ones, so the portfolio income account ends the quarter looking pretty healthy. While is good to see the market up, that leaves me pretty relaxed if there is a market pull back as I have cash to invest.

Speaking of dividends, I think it would be a good move to drop the 'big dividends' assertion from the header here - hopefully to be restored in due course. For the present though, it risks leading FXPO newbies up the garden path.

[bellbottom] 28/3/2024 15:22

1knocker you seem to have become more cynical over last few months/years. Sounds like you're having a particularly bad day today though.
What we need is for Putin to pop his clogs and Trump ditto. That would make me happy anyway.