Member Info for Bitbuybit

Just upgraded Mondays upgrade????? Now price target at £2.05 from £1.85. Bizarre............ Best

Now that was a great day - and let's hope we are due another. We have been fairly steady for a while and the110p investment is becoming distant. I'm off out now so please don't disappoint this time 😬

Please!!!! A finish above 110p would please me. Another leg up?

Sorry ITwizzkid, I should've added......IMHO and BWTFDIK :-) Best

you got me all excited and then its the usual sell off into the close...........grrrrr

Hello matey, The fundamentals tab on this doesn't tell the story in its entirety. The company took on debt as it invested 2 billion dollars in the development of its mine. It is a low cost iron pellet producer in an environment where there are very high barriers to entry. The companies investment as made it even more so. Debt was therefore very high (still is pretty high) but the company has met its repayment schedules and this half of the year is a lot less challenging (in terms of debt repayment) than the first half. Bottom line - the company is in decent shape and can currently meet its debt obligations. See the H!1 report and look at the financials - you will see it is highly cash generative. Not only that but because of its investment, it can make money in a low iron ore price environment. Currently tho, iron ore and the premium paid for pellets appears to be booming, meaning this company is not far off a further significant re-rating. Best, Matt

Ahead by the sounds of it.......bigger miners are flying again.

That's a nice surprise

May as well just sit tight? Institutional investors in at 110p and the iron ore price should have so far enabled a very good set of full year results (so far). Thoughts now? Matt

I was hoping for a tick up today. US elections are coming up now but does anyone think they will have any effect on a ukranian iron ore pellet producer? Granto - what are your thoughts please? Anyone? Kind regards, Matt

I should add that I have read a lot of previous posts and it would appear we are all a bit dumbfounded?! Wait and see I guess? Matt

Hi peeps, I have traded this once (after the 6 month report) as a cheeky day trade and its on my watch list. Anything under 7000 means my eyes are open but I am stunned by todays and yesterdays falls. I realise there is a lot of concern over the US elections but as a "safe haven" gold is usually a winner. Can anyone give their thoughts on the current sell off? Best, Matt

realdeal2, Really? Looks like volume has fallen off a little - what do you see on L2? I have live prices but am curious what the difference is? Kind regards, Matt

Back in black

Think that says it all :-)

Piling in now.........swift bounce off a quid (or thereabouts)

Ta-trade - you've always been honest about missing the boat. This share re-rated due to its cash generation and ability to pay off its debts (underpinned by the iron ore price and the premium for its pellets of course) so I can see no logical reason for such a re-trace. Panic selling could lead to anything of course but i imagine these current prices are attracting the bargain hunters..... Best, Matt

Just added another 10000 at 100.86. Happy to sit back now Matt

I paid 105.74 - for 50000 - (was please until it dropped under a quid!!! - Having said that I was trying to buy at 109 and 108 so can't complain really! Cheers

Pure chance that I was out yesterday and possibly I could've bought back in even cheaper but for me if someone is prepared to pay 110p for 70 million shares and will not sell there their other 71 million holding for at least 3 months then that should hopefully underpin the price. Should've waited longer (as always) but think the buyers will rush in very soon. GLAH Granto - your moves are looking smarter by the minute. Well played that man