Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ferrexpo continues to invest in Ukraine and implement large-scale projects as the war continues. This year, we are completing the launch of a high-tech press filtration complex that will replace vacuum filtration in the pelletising shop at Poltava Mining, improving the quality of our products and reducing our environmental footprint.
The complex, which is 10 storeys tall and has a surface area of 28,000 square metres, houses state-of-the-art equipment from global leaders Metso, Atlas Copco and Eirich Machines, Inc.
In January 2024, the first production line of the pelletising shop was connected to modern press filters. As a result, we now have more control over the moisture content of our products, as well as a 55% reduction in the use of bentonite, eliminating the consumption of expensive dehydrator.
We are confident that the implementation of such investment projects not only supports the sustainable development of the industry and the Ukrainian economy, but is also an important element in ensuring cleaner and more efficient steel production on a global scale.
My thoughts as well. I’m not massively convinced Q1 results will be massively positive. I think FXPO will be understandably conservative about seaboard exports. Same as they were with Q4 2023 numbers. No point in drawing to much unwanted attention.
..imminent approval should propel the SP north. And Mondays results must also help! Get em while you can! Atb Rich
"Very brave or nuts to buy or hold here"
If you hadn't opened new shorts on FRES at 440p, then you'd have some money leftover to buy here.
"But this is the steal of the century, quite simply."
Yep and it's the Kiev regime doing the stealing...
Dividend could quite easily be resumed if news is good – recent performance of company has been/is remarkable regardless of the circumstances (output has been highest since outbreak of the war). If SP goes lower it goes lower. But this is the steal of the century, quite simply.
Upcoming legal ruling could also see the stock price jump significantly.....stop spreading fear through one sided narratives JWBell end
Very brave or nuts to buy or hold here
Still going strong. I am picking up as much as possible.
https://inventure.com.ua/en/news/ukraine/ferrexpo-invested-dollar80-million-in-the-ferrexpo-poltava-mining-fpm-production-line
"Looks like the bottom is in from a TA perspective"
We've had double and triple bottoms over the last year at 110p, 80p, 70p and 50p. Don't think TA is much use here...
Multibagger potential is obvious here but also be prepared to lose it all.
@johnnth- lateral damage. you aint seen nothing yet.
Looks like the bottom is in from a TA perspective
Could go out the window with a bad RNS but a potential solid entry for those with knackers the size of space hoppers.
Operations at FPM have been performing well and there has been no disruption to the production and sale of its products. The Company is able to report that production volumes for the month of February 2024 were the highest since the full-scale invasion of Ukraine commenced in February 2022.
9 April first court hearing,, fingers crossed Could be Good News,, just Topped Up going to buy more on the Dips,, Strong Buy and Hold
Https://www.marinetraffic.com/en/ais/home/centerx:31.016/centery:46.630/zoom:13
I haven’t seen as many ships in port since before the war. I’m not sure which ones are loading FXPO product though but it must be some. Q1 results on April 8th will be in interesting to say the least. I can’t see the SP recovering until these legal issues come to a head. Surely freezing his shares from being transferred is better that ceasing his assets directly?
Don't understand why this has come so close to yesterdays RNS...
True, dismayed at the response, suppose need to see what happens to that US$125m
Great News,, Solid Buy and Hold,,
Will be out soon , imo FXP should be heading towards 60p very soon, imo
Poor reaction to a very positive update.
An excellent update. Powering ahead despite all of the challenges.
Better than expected that