Come and hear Orosur Mining CEO Brad George, Tekcapital CEO Clifford Gross PhD and Marshall Koval, CEO at Canadian junior miner Luminex Resources present and take live Q&A on September 6. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I wouldn't be buying until momentum changed. Following the 200 day rule you would have sold last August at 363p, having made a 134% profit. This would follow on from the 779% profit you would have made in 2018 following the same rule.
Market is all round very tough at the moment. Buying alert triggered for an FXPO top up, which I went ahead with. A few years time, I might be very happy with this, but I accept it could on the other hand be throwing good money after bad. GLA.
India will have a bigger population than China and the thought of them both having an economy comparable to the US is concerning...in the sense of how much energy, commodities,water,food etc each would consume on ballooning numbers within the middle class....
US debt to China equates to approx 5% US GDP and less than 1% of total US wealth. Nonetheless, China is gaining ground on US and will eclipse it (if not already happened) very soon. Prior to industrial revolution, generally speaking, if you had twice the people of another country you produced twice the wealth. The industrial revolution introduced technology and business practices and this enabled the west to pull significantly ahead. China (against it's communist ideology) have embraced western business practices so all things being equal, should end up with an economy relative to it's population comparable to advanced countries in the west in the not too distant future. This means an economy up to 3 times the size of US based on current population.
Can't say whether they are more or less aggressive of the IP because i don't have access to the full facts or figures. Again, i could be exaggerating in saying " They owe almost half of America to China" but the facts remains a lot of well known American/ Western brands are now owned by foreigners including Chinese, without you realizing it. More so, in the near future.
... China is well ahead in the case of stealing IP etc from others.... US intelligence sources are currently saying the Chinese Communist party’s drive to acquire US intellectual property is becoming “more and more aggressive”.
" They owe almost half of America to China" ..now, now dont exaggerate
pokerchips- there is some truth in what you say, i agree. Everybody is spying on everybody. The west is just as bad if not not worse. IP theft? yes. that was true before. But the trend is in reverse now. Think of hypersonic missile technology. Who got it working? not the US, mate. who do you think will steal the technology next? China has a much bigger population , mate. Talking about the national debt? the US could not print money fast enough with their 24 hr ,7 days a week shifts. They owe almost half of America to China. That is a real concern , my friend.
pokerchips- lol talking about hi technology? who has got 5G 6 G , hi speed trains, space station, ultra modern infrastructure, mars landing at first attempt even Europe couldn't do it yet, launching satellites once a week with no fail incidents, quantum computers..... of course, the Chinese have stolen them all and that is why the west didn't have them now. dude, you are out of date with your knowledge.
" I'm sure Chinese are moving in to fill the gap."
JohnNth well..they might with their phones etc but the idea that you can replace German engineering and quality know how isnt so easy ...even the Chinese admire the quality of German engineering etc ....Siemens etc have plenty that Russians have got used to .... Guess the Kremlin will have to use Chinese cars instead of their Mercs, BMWs etc.... Russian cars for the people too ... hummmmm The combined loss of US and German tech and high end engineering is a blow to Russia and even the Chinese aren't at that high end level to replace that Yes, at present they just have to get used to the changes.... Germany is still exporting pharmaceuticals to Russia ...imagine if they didnt do that.....Russians going to turn to Chinese medicine ? ..those fake Vaccine results ....all far from high end ..isnt it?
But ..at the end of the day.... Germany and Russia need each other, just like other trading nations .....and Merkel always went for the idea that the more you trade with a country the less likely there is to be war between them.....
Pokerchips...thanks for the link. I'm sure Russia can live without Lego and Levis. Well over 90% companies listed as moving out have only sales operations in Russia and I'm sure Chinese are moving in to fill the gap. Winners will be the Chinese and losers will be all those moving out, especially the Germans. One thing is for certain, it won't affect Putin's approach one bit.
Talk now is that conflict could go in the freeze mode once Russia has full control of Donbas which IMO is approx 8 weeks away. Russia will stop firing at this point (unless provoked) as Putin declares operation over. This will mean FXPO can then export without disruption by rail to europe which accounts for approx 50% of their business. I beleive this percentage will rise substantially in the coming months and years as EU have granted Ukraine tariff free trade. As regards seabourne trade, the Ukraine ports will remain closed in the near future until there is peace agreement. However, in their recent RNS, FXPO did say that it is exploring resumption of their seabourne trade using neighbouring countries like Romania, and that progress on establishing such routes was at an advanced stage. This means FXPO can get back to full trading even without there being peace agreement in place with Russia; although transportation costs will be higher.
Pokerchips...you're assessment sounds accurate for a change. Germany wants Ukraine to strike peace as a matter of urgency. Russia is in the top 4 biggest markets for German goods so high energy costs and sanctions on Russia isn't going down well in Germany. German trade figures (recording their first ever trade deficit in over 30 years) out yesterday bears testimony to this. And in wider world, inflation is running rampant also affecting German exports as people become preoccupied with the most basic needs. In fact, in Germany there is even a fear of rapid de-industrialisation unless the conflict is brought to an end soon. Putin is the agressor but he is in the ascendancy whilst Zelensky is proving to be fk-up tool; having fkd up BIG time in letting conflict start in the first place, he is now trying to win back losses using his population as pokerchips. He doesn't stop dreaming of victory over Russia which isn't going to happen. Russia will stop once it controls Donbas, and according to press reports, the conflict could then go into a freeze mode. Puting will stop firing altogether and this will affect support for Ukraine, who will then be forced to negotiate as the world will no longer be able to bear the hardships the war is inflicting. But thanks to an incompetent comedian in charge of the country, they will have to concede lot more. Oh lastly, Bojo won't be around either to shower Zelensky with praise and shed loads of UK taxpayers money. IMO this conflict will end lot sooner than people think.
" fresh data showed that German industrial orders unexpectedly rose 0.1 per cent in May following a drop of 2.7 per cent in April. Economists polled by Reuters had forecast a decline of 0.6 per cent. "
apart from the military war....the sanctions are a key issue ...and a part cause of inflation, GDP drops and fears of recession.... as the inflation pushing up borrowing costs
Putin seems to portray a less aggressive stance these past few days and the daft threats from Dmitry Medvedev have declined somewhat ...moving to reduce the tit-for tat?
Skeleton, the share price is the share price for a reason, they are possibly now doing only 25% of production( see previous rns) as to what they can and were before..... that's what's priced in..... plus iron ore Price is dropping, its priced in that the war will not end soon.... how exactly do you think it will end? Putin wants the donbas and more.... ukraine won't give it up.... neither are giving in so infrastructure will keep being targeted and the port will remain blocked, even if food is allowed iron ore won't be...... if the mines being taken by russia was priced in the price would be 0..... you can disagree all you like but the share price is continuing to drop and only people who hold these shares think they are undervalued or it would shoot up, plus the cherry on top being Swiss tax takes over a 3rd of the divi when it comes..... the drop from 180 down to 120+ is the realisation that there will be long long term uncertainty... and to add another lazy soundbite " markets don't like uncertainty"
Disagree snudge. Those are just lazy sound bites. I was clear in my rational that even if you considered the war to be forever and sales to be halved forever - even then we are undervalued (in my opinion albeit backed by fundamentals)
Only Russia taking control of the mine or I suppose entirely surrounding the distribution to mainland Europe would this sell price (or admittedly lower) be justified.
To think this sp is a fair reflection is to believe it is more than likely that Russia will take control of the mines. I’m assuming you don’t think this is likely else you would not see long term opportunity here.