Ferrexpo Share Discussion Threads

[loganair] 12/4/2024 15:11

If the Ukrainians raise the white flag then in all likelihood Ferrexpo's mines will shortly after be in Russian territory.

[thags] 12/4/2024 14:25

I think the stock will moon 😂

[lodgeview] 12/4/2024 11:22

Thags, I'll ask again. What do you think will happen to FXPO if the Ukrainians raise the white flag, which, by the looks of it, isn't too far away?

[thags] 12/4/2024 09:47

You tell us lodge since you're heavily short from the sounds of it. Why are you here anyway if 'its over' I think you need to see a psychiatrist

[lodgeview] 12/4/2024 09:27

bell, when I said the other board, for clarity, I didn't mean the other board on ADVFN. You may also note from many news articles that Ukraine are on the brink of defeat. I believe it's only a matter of days before the white flag is raised. What will that mean for FXPO?

[bellbottom] 12/4/2024 08:33

Interesting article. I am sure this will strike a chord with many on here.

[lodgeview] 12/4/2024 08:10

It's OVER. Ukraine on the brink of defeat.

[lodgeview] 11/4/2024 23:27

A lot of people on the other board are saying that everyone has lost their entire investment on this one.

[lodgeview] 11/4/2024 16:20

It's dead.

[lodgeview] 11/4/2024 10:45

It's collapsing now.

[bellbottom] 11/4/2024 10:28

Are you a scientist Loganair? Or just someone with an opinion based on what?
I am no scientist - I expect much like yourself - but I seem to remember that from basic physics lessons at school that for every action there is an equal and opposite reaction. To look at it another way, nothing that humans do is benign. Everything that we produce, invent, mass produce, dig up, burn, eat, blow up etc, etc.... has an impact. That's just physics and common sense. Everything! Simples!!

[loganair] 11/4/2024 09:50

bell - Everybody I know agrees that the climate is changing and has always changed...where people disagree is how much of it is due to human activity.

10,000 years ago, one could walk across between Dover and Calais, 6,000 years ago the Channel Islands were still connected to Northern France. Over this period sea level in the Channel has risen by 140ft or circa 17 inches per 100 years. Over the past couple of 100 years the sea level in the Channel has only risen by 1 or 2 inches, which is far less then over the past 10,000 years.

There has been instances in the past where the temperature of the Earth has risen by 12C in a 100 year period.

Over the past 2,000 years, the Earth has been warmer then it is today for around 800 of those years, this is why the Vikings managed to make it all the way across to Canada and set up settlements in Newfoundland and the ice sheets where several hundred miles further North then they are today, to put it another way the ice sheets are currently further South around Greenland today then they were 1,200 years ago. During this time the planet was some 2.5C warmer then it is today.

This global warming, caused by humans is the biggest scam there's ever been a scam to transfer wealth to the ultra rich and to make the rest of us much, much poorer.

[bellbottom] 11/4/2024 09:23

Excellent news, assuming Ferrexpo will still function without further government interference either while the war continues or the when the war is over.

It's a hugely difficult decision to make as to whether or not to reinvest and at what point to reinvest. I am assuming many here are having the samne considerations as myself but holding back until the risk factor is much lower.

All the right decisions are being made and all the prep for future growth and expansion of sales outlets across the globe. Prior to the war Ferrexpo had broken into the massive US market as well. I'd imagine after the war ends that there would be encouragement from the US government to 'help' Ukraine by increasing iron ore imports from Ferrexpo? Who knows?

[lodgeview] 11/4/2024 07:12

Thags, you were warned!!

[thags] 11/4/2024 06:45

Lodge don't tell me, 'it's over' lmao

[lodgeview] 10/4/2024 23:18

Really bad news coming tomorrow, folks!

[loganair] 10/4/2024 19:46

Swiss-headquartered mining group Ferrexpo will resume exporting iron ore pellets to Japan within the next few years, Executive Chair Lucio Genovese said in a recent interview.

Ferrexpo once accounted for as much as 10% of Japanese demand for iron ore pellets, Genovese said. But with Ferrexpo's iron ore operations located in Ukraine, the company halted exports to Japan after Black Sea ports were closed during the war.

"I think we will be able to come back to Japan, but it will take one, two or three years," Genovese told Nikkei on Tuesday while visiting Tokyo.

"In the good times, or the bad times, the Japanese partners are always there," he said. Ferrexpo has built strong relationships with steelmakers of Japan over many years and is committed to the country, Genovese said.

Swiss-headquartered mining group Ferrexpo will resume exporting iron ore pellets to Japan within the next few years, Executive Chair Lucio Genovese said in a recent interview.

Ferrexpo once accounted for as much as 10% of Japanese demand for iron ore pellets, Genovese said. But with Ferrexpo's iron ore operations located in Ukraine, the company halted exports to Japan after Black Sea ports were closed during the war.

"I think we will be able to come back to Japan, but it will take one, two or three years," Genovese told Nikkei on Tuesday while visiting Tokyo.

"In the good times, or the bad times, the Japanese partners are always there," he said. Ferrexpo has built strong relationships with steelmakers of Japan over many years and is committed to the country, Genovese said.

"But since the beginning of this year, the Black Sea ports have opened," Genovese continued, with the reduced logistical bottleneck meaning that "we can export more material in 2024."

About 750 people in Ferrexpo's workforce of 8,000 in Ukraine have joined the military, and 34 killed in action, according to Genovese. Now, finding workers has become a challenge for Ferrexpo.

"We try to hire people who are retired to come back," Genovese said, and "we tried to train women to become truck drivers."

Ferrexpo is considered one of Ukraine's top exporters, with Genovese saying it accounts for 3% of Ukraine's exports.

"Our objective was to double our production from 12 million tonnes to 24 million tonnes," an effort that the company hopes to restart after the war ends, he said.

Genovese said that "it is not very good" that Western countries have shifted focus from Ukraine to the war in the Middle East.

Ferrexpo's top shareholder, Ukrainian billionaire Kostyantin Zhevago, was held in France in the New Year's period on suspicion of offenses including money laundering. The Ukrainian government has seized some assets of Zhevago's.

The matter "has affected us," Genovese said. Ferrexpo has asked the Ukrainian authorities to distinguish Zhevago from Ferrexpo's business interests because "we pay our taxes, we behave like a proper corporate citizen," he said. "And we have invested over $3.3 billion into Ukraine since 2007, which is one of the largest single investments any company has made in Ukraine."

The rebuilding of Ukraine will be funded mainly by private investments, not governments, Genovese said, "and so that's why it's important that our investment, which we've made in the last 14 years, must be respected."

[lodgeview] 10/4/2024 15:58

The Russians are coming!!

[thags] 10/4/2024 09:40

Price action shows it's far from over lodge. Your shorts are getting squeezed