I got a buy alert here on Thursday. Not convinced anything has changed to trigger a turnaround but I guess with Morgan Stanley adding to their holding at this level it will provide some support for a period.
The company still made a loss last year of $24m, took out new loans and had over $300m debt. Things do seem to be moving in the right direction though. How long before they are turning a net profit? Could this be the year?
nearly £14 grand's worth but trading was pretty much even as far as buys v sells went. Interesting how when there are loads more buys it doesn't drive the SP up yet it falls when there are a few more sells. The Directors' buying is really serious though. Great link yesterday WUDI ... or whenever it was....... the bottom line with iron ore is .... is urbanisation going to stop? Is the undeveloped world going to stay as it is? No, I don't think so .... is infrastructure in the developed world going to need improving, updating and repairing? Yes ... demand for iron ore is not set to become a note in the history of the planet ..
Article in Dutch (sorry) saying that the soil pollution in china is huge (35 times belgium) cause of mining industry. Strategy to counter is to clean up all and close a lot of old mining industrial buildings and mines. Iron ore production has to come more from oversee...
Yes ... looking at the numbers of shares that have been bought and the fact the share price is still falling it's quite a laugh. It's been months now since the large, after-hours buys have been going on. There have still been some big sells as well but I'm certain the ratio is hugely in favour of buys. I wonder how long it'll be before shares start to become hard to come by and all the sellers have been shaken out of the tree?
Good GRIEF WUDI! That's MAD! ..... possibly the biggest vote of confidence from directors I've ever seen .... who is to say we're not in the middle of a a big tree shake? Will LOND be taken over by one of the big boys? I suppose it would make sense if the resources are there and getting them out is cost effective ... better to own them than compete with them!
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