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I tripled my money and I was in heavy. I still have 20% riding here so I'm still in. So I'll be posting and researching still. I think that's my selling done and I'll await the spring . As for other shares I don't have a firm favoirite, let's chat about it and see if we can pick one. I think Brexit companies worth looking at . British companies that have their costs in sterling but sell into the Euro or Dollar markets will do well . Those doing the reverse perhaps like the supermarkets could suffer . Tesco for example have to negotiate using sterling but it's worth less now by 15% . Groceries are 20% cheaper in Tesco than anywhere in the EU . That won't last. So let's look at Brexit affected firms

I have taken the bulk of my investment here off the table. It is enough for me. I do think this could keep rising and lets hope so. No harm to go to cash with a 2X bagger from 38p. ( round of applause ).

not my area of expertise, by I believe currency traders are forever at it

are normal, It's a broker rounding up a 99999 or a 9999 order. Some platforms have a max purchase of 99,999 so the broker gets an order for 100,000 for a client, buys his max 99,999 and collects the 1 when he gets a chance later ……it can also be a test buy but that is rare. It never means a code,

Iron ore was at $60 yesterday, Iron ore pellets is a more expensive product and usually sells at around $25 more and thats know as the 'premium'. so our price is around $85. But back to Samarco, Samarco is the only mine that can touch Ferrexpo for price, Ferrexpo being the world's cheapest producer. If Samarco does not reopen, and I am convinced that it won't for years, and even then in a very small way to create some jobs. The license was withdrawn there a few months back, no word of it in the english press, but in portuguese, its a legal mess over there with every govt dept out for their skin and money, BHP rep in the country cast doubt on it opening last month in the daily mail. If this does not reopen Ferrexpo can only prosper and can control the market price.

I'm Beginning to think Samarco will not reopen for many many years . Clearly the legal confusion over the $39billion claim ties everyone's hands. The missed bond coupon payments tells me that the mines owners are seeking 1 new terms 2 waiting to see what happens legally in Brazil. Then there is the whole environmental aspect of the risk of this happening again . For what ? A dirty mine worth $5 billion , and its foreign owned ! Indeed any profits will be offset against previous losses leaving Brazil nothing but the low paid jobs . Open by next summer ? Dream On

Bond payment missed, Court issues and criminal proceedings against executives, fines and more fines, huge billion dollar debt hanging there and growing doubts over when it will reopen. If the bondholders don;t get sorted there will be blood on the ground. My own view is that Brazilian judges may want money upfront before allowing this reopen. The Bondholders could make a grab for it too. this could come to a halt very easily. I am beginning to wonder will it even reach the 19m tones a year, or will the ramp up be much slower. http://www.mining.com/vale-bhp-iron-ore-venture-cant-pay-creditors/

I have just ran calculations and I have decided not to sell below 126p which I think is fair market value, If the current iron ore and coke price run continues this target price could rise again.

1700bopd won't butter no parsnips - it's all about next year. Oil should go to $55 , this will still be around when others fall . Waiting

you were carrying a load, I think you were wise, if the rise continued you could have rode the wave, but that retraction could keep falling, who knows.

It's a $2,000 a year paid service….FYI today's price $84 ( that's a mid price between russian and Ukrainian pellets ). so it has dropped back since a month ago when it hit $100 briefly. still a decent clip for ferrexpo who deliver at $49 a tonne total costs. Sorry this is chinese prices, european is usually slightly higher. I don't have Platts.

Platts is good, and Umetal is excellent for china

Still on the cheap side just about , it's hardly dirt cheap ?

Hi Matt, I see what you mean .

I have staid I currently think this is worth 125p but I will average into that price . In 12 months I expect 135p but £2 is depended on ore prices rising .

The institutions do not need to declare any buys unless they have over 5% of the firm . This week's £7m buy is 1% . So why would there be an RNS. I think it is most likely a hedge fund rather than a dedicated investor . Just a guy hedging his bets against the price of iron and steel . But all buys are welcome . But remember this , only 25% of these stocks are ever traded in free float , that takes another 1% off the table . So the next guy finds it harder to gather up stock .

No bid, iron miners are up against the wall and nobody would fancy Ukraine, would you

. Would anyone care to value the company? Here is my take on it. 1, I assign a high enterprise value because of its high capital barrier to entry capex, stable industry compared to tech etc, mixed customers, market leader in costs, quality product. so I give this a multiple of 10 over profits.. 2, I expect the company will make $180m to $240m next year but I'll play safe and call it $200m. So this gives a value of $2,000,000,000. Let's remove the debt and interest from that - $900m and this leaves an actual value of $1,100,000,000. 3, the current Market Cap is $900,000,000. so we have about 22% upside left here. I hear the company is pushing on next year with new mining areas but hey I'm not adding that, that's cream, and we don't count cream until it rises. That's it guys. having bought in at 38p I have taken a lot off the table and will slice more to average out regardless of SP direction. I would like others to give there valuations here please.

hiya , we both have played this nearly the exact same way. I have stop loss at 100p and will sell more if it hits 120p.. Meanwhile, I will re-examine the debt maturities schedule and figure the potentials .

yes, but there are several major mines coming on stream and this is expected to drop the price to $45 a tonne. S & P assessment of this company last week was excellent and well worth a read, bar the part where it said $50 profit for Q3 - i think that was a typo.