The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Good to see that JP Morgan's longterm outlook for iron ore is positive. But the Chinese are famous for being unreadable, who knows what's round the corner, let alone in 2025?
Fingers crossed.
Sharecast.com this morning: "JP Morgan has upgraded its rating for [certain iron ore miners] and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices."
I agree, a long way to go Snoop. Still, I think this little lift is due to the recent rise in iron ore price, and I like the fact that investors have their eye on UFO as an iron ore play. Hey a few years ago this co had nothing to do with iron ore! And look at us now, heading for production.
BBC piece this morning: "Shares in Chinese property firms have jumped after developer Country Garden reportedly secured an extension to a key debt payment deadline. Major home builders including Country Garden and Evergrande saw their shares rise in Hong Kong on Monday. Investors also welcomed moves by Beijing to step up its support for the faltering economy."
Yesterday a bit of blurb on twitter/X from Alien Metals: "Iron ore is the catalyst for modern innovation. It supports industries from construction to technology and helps create skyscrapers to sustainable energy solutions by fuelling the industries that shape our world."
It's not well written, and it's got a whole 500- odd viewers, but at least the company is making an effort to publicise it's upcoming product. More publicity please, management, we need all the investment we can get.
another large step towards production, great news. securing the crushing company "will result in a high level of validated and secured costing for the han**** project.”
all that matters to everyone is whether it's going to be profitable, and at the moment, yes it is.