very slowly and selling into the initial rise...... The results seemed to show progress but there is clearly a lot of uncertainty and nerves within the mining sector and with the US showing no clear direction I cannot see any change in sentiment until April/May at the moment....IMO
For the first time ..... Citigroup has changed its rating to neutral a couple of days ago but moving so far into profit such a level of debt in these trading conditions and with the weather problems of the past .... I think I'll put these in the bottom draw and keep them. Not a traders' share but bearing in mind where it was last year and how young the company is .... all in all, this is more than a little positive ..... it'll be interesting to see how the market reacts ....
There seems to be more trading than usual but no real trends emerging. With production more than doubled and production costs cut, that should mean LOND will still be around when recover happens (China is increasing military spending .... they have stockpiles of ore they can use but how many ships will they build?)
In the long run LOND looks a safe bet ... that may suck in some buys whilst traders sell smaller stakes looking for more movement and volatility ...... it's not an easy RNS to pick the bones out of at first glance.
doesnt seem like many are buying in view of the continued news of world economic slowdown..... it is a buy and leave for 12 months at this rate in the hope that things improve....in the mean time the company should be achieving cost cutting and moved on from the weather issues.... it certainly been a steep fall since the beginning of the year and once it does turn there will be a lot of people sitting on the sidelines waiting to jump in FOMO ....fear of missing out will get them buying into this hopefuly good luck to everyone holding for better SP
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