PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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look like you bought here long time ago
just buy and hold .as long as The iron ore rise and in demand .stocks like this can go any where .
A few buys go though and everyone jumps in.
West African Minerals Corporation (formerly Emerging Metals Limited) is an iron ore mining and exploration group which has built a portfolio of iron ore assets in West Africa. The Group holds a 100% interest in six iron ore exploration licences over an extensive lease area of approximately 6,000 square kilometres in an emerging iron ore province in Cameroon, West Africa. In Sierra Leone, the Group has a 75% interest in five iron ore exploration licences. West African Minerals’ tenements are strategically located in close proximity to advanced iron ore exploration and development projects and, as such, are well positioned potentially to contain mineralisation and benefit from the infrastructure being developed in the region.
Two key markets are at play, with the first being increased physical demand from China and the second being financial market speculation of increased demand under a Donald Trump-led US government. "China has restimulated the more steel intensive parts of its economy particularly infrastructure spending and property development as part of an ongoing effort to ensure China's growth rate meets the Government's target of 6.7 per cent for this year," economist Saul Eslake said. "[Also] for different reasons China has cut back its own domestic iron ore production by about 6 per cent so far this year, those two things together mean China is importing more iron ore. A horizontal crane pumps ore into the hold of a loading ship. PHOTO: There will be downward pressure on iron ore prices as supply increases. (ABC: Stephen Stockwell) "[Lastly] and more recently since the US presidential election last week, financial markets have cottoned onto the idea that Donald Trump's administration will undertake a very large infrastructure spending program which would of course require a lot of steel and concrete. "The two biggest economies in the world are both being seen rightly or wrongly by markets as requiring more iron ore and other commodities over the years ahead." Bankwest chief economist Alan Langford said lower steel production had also led to the price rise. "At the moment there is a bit of a squeeze upwards on steel prices which is pushing iron ore prices up," he said. "The big move is because China put some extra stimulus in recently but they're already talking about actually removing that stimulus because they don't want their property market to overheat," he said.
The iron ore price started the year at about $US40 ($53.93) a tonne. It remained volatile for much of the year stabilising between $US50 and $US59 for much of September into early October. But in the past six weeks the price has soared to almost $US80 a tonne, which is a 100 per cent increase since January.
What is causing the spike?
falling
What's the latest here...
worth saying, that our cash balance is more than GBP 3m (see recent RNS), so, that should last us for a couple more years.
dont think so. companies change broker all the time. sometimes changed to a cheaper/less expensive broker and/or due to the fact that the agreement with old broker was not continue
was it bad news ? ..................AIM shares is real P&D
not alone at all. just patience is the key here. easily double from here.
Small investment many years ago never bothered to average down thinking dead dog, I need a big fat 0 behind the 50% up today to make me happy, but pleased for Peer if at / above or hitting your target.
You appear to be on your own here! Nice rise though, just need to sort out that spread and you may see some more action.
Any one here? MM want to take at 2 in size.. Must be a buyer in the background
Well let's hope it keeps going up..!
been in here from 4.5. still hoping to recover some. last sold at 95p ha seems an eternity ago
No one else seemed interested!
AGREE, bargain to be had. no reason for it to fall. buy and hold
Looks like a distressed seller.. Can see value here.
Has trading been suspended on this share ? , there appears to be no movement and no activity been away for a while was thinking of buying in however the lack of anything is off putting.
Has trading been suspended on this share ? , there appears to be no movement and no activity been away for a while was thinking of buying in however the lack of anything is off putting.
little volume - cant sell a few hundred thousand
i have mine lets see whats going to happen now? rock bottom sp, taken up onno volume and iorn ore rising fast, any buying from now will push this up gla zooooom very undervalued.