George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Nice to see iron ore above $91.............keep trying skier1
Stockmarkets are rarely rational...
The red flags here keep on piling up. Steel downcycle, iron downcycle, China slowdown, dividend delay, dividend cut, CAPEX soaring, maybe kicked out of FTSE100, etc. etc. Add in the new front this week on the emerging Russia-US tradewar, and it is hard to see any positives at all for EVR.
EVR has plunged -50% in a hyperbull +20% Dow market in ~6 months in 2019. If the (toppy) Dow falls -10% at any point in 2020, EVR will surely plunge another -50% in ~6 months.
Skier. So this is going to £1? That would value the business at £1.5bn... yet they're forecast to post around £2bn in profit this year... doesn't sound very feasible does it? Even on a bargain-basement 6x EBITDA multiple, fair value is around £9bn, or a share price of £6.20. Cant see it going much lower than it already is
Can't divulge my formidable skills ;-)
But I've been calling for £3 since £5 (see prior posts), and it's nearly there. Any slump in the Dow to 20-25k, and EVR will be £1 in a flash.
Skier
1. Triple Dip Recession's are a whole different ballgame to three dip's within a month that recover each time. In what way can you apply the same charting signs to a single share over a month ?
2 How is this 'Triple Dip' of yours different to a similar "Triple Dip' pattern that happened during May 2019, which preceded a sharp increase in the share price ?
3. Also, take a look at GSK chart, a clear three dips pattern between December 2017 and March 2018 that also preceded a sharp rise that lasted for over 18 months. How are are these EVR dips different to those of GSK ?
4. The weekly MACD also suggests a long steady rise in SP is coming for EVR ? Why would that not be a as strong a sign as these three quick dips ?
5. These three dips probably apply to a whole range of FTSE companies. Why latch onto Evraz ?
https://www.lse.co.uk/ShareChart.asp?sharechart=GSK&share=Glaxosmithkline
As predicted, it is busting through the 350p floor. The "triple dip" close below 350p is a very bearish sign. EVR has plunged -10% in a month. The bearish downtrend here remains very strong.
If a director, it should be disclosed, hasn't been yet that I can see.
Level II showing a 1.9m share sale at 345p after close.......fair chunk of change......director sale maybe?
Oh, dear, it's going up today. If only he'd closed out his short position yesterday rather than waiting for the 2s. Well, maybe he'll have another chance before we drive higher again.
skier1....why is it i wonder you only appear when the sp is down? ....didnt hear from you when it was 375p 2 days ago....
Incase you had noticed the Dows down 700 in two days,ftse in general also down...........
think your agenda is fairly obvious....
EVR keeps busting-down through the 350p level, but not up through the 375p level -- a sure sign it wants to go lower. This is headed for the 2s...
At the very least the 350 floor has held and things are stabilised in the short term. On the broader outlook, yes, I think we're headed back up before long. The company is still going to make money, and pay dividends, with rising coal and steel prices. Absolutely no clue what Trump and China will cook up, but if they do a deal this will go up fast.
I disagree Skier. Time for a Rebound IMO
Coal Price shows up 5% : https://markets.businessinsider.com/commodities/coal-price
Iron Ore Prices are rebounding :
https://www.hellenicshippingnews.com/commodity-tracker-5-charts-to-watch-this-week-5/
https://af.reuters.com/article/energyOilNews/idAFL4N2863IZ
Will the price on this chart follow the premise in those articles
https://markets.businessinsider.com/commodities/iron-ore-price
My basic charting (MACD etc) suggests a rebound upwards in our SP.
The SLX is up and massively outpacing EVR, meaning EVR could be due an upswing
https://finance.yahoo.com/chart/SLX#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
371p at the moment...........hope you bought a few while it was at bargain basement price or are you hanging on for 50-100p?
Tested the 350p support-line very heavily today! Getting ready to bust through the floor...