The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
This months average prices:
65% fines $245.46/T with PP of $66.40/T for a total of $311.85/T (+$8.63 from May),
putting the averages for 2021 at:
65% fines $212.17/T with PP of $56.75/T for a total of $268.92/T (+$8.93 from May).
Looks like it's gonna be another record month of the year.
H1 results 4th august, anticipation for those will drive up the price up till then? Maybe close to 500p again?
Correction:
This months average prices:
65% fines $240.96/T with PP of $62.26/T for a total of $303.22/T (+$28.64),
putting the averages for 2021 at:
65% fines $205.24/T with PP of $54.75/T for a total of $259.99/T (+$10.02).
Stupid mistake using Excel, now who looks dumb. :D
This months average prices:
65% fines $254.34/T with PP of $65.72/T for a total of $320.06/T (+$45.49),
putting the averages for 2021 at:
65% fines $205.24/T with PP of $54.75/T for a total of $259.99/T (+$10.02).
I guess that's just a normal voting procedure
"To authorise the Company to make market purchases of its own shares".
So there are plans for a share buy back too?
$306.20/T with PP must be well over double the sales prices now of last year.
This months average prices:
65% fines $212.93/T with PP of $61.65/T for a total of $274.58/T,
putting the averages for 2021 at:
65% fines $196.97/T with PP of $53/T for a total of $249.97/T.
$226 with $66 PP = $292/T wtf
The Sea is shared jointly between Ukraine and Russia. The rail lines head to the deeper water moorings to the west of Crimea, and I think a small quantity was originally shipped by barge down the Dnieper, though i don't know if they still do.
Kerch Strait, means they've shut off all shipping to the ukrainian ports in the Sea of Azov (which i think mostly is traversed by barge as it's very shallow) They've been delaying shipments through the strait for many years, but they'll ramp up those delays when they're try to put pressure on those ports.
I'm of the opinion that Russia would like a better control over the Black Sea coast in southern Ukraine, as well as fresh water supplies along the Dnieper River, they wouldn't want to take all, but just take enough territory to strangle Ukraine from the south. They've enough willpower to keep what they can take. If the southern coast is taken from Ukraine, it would seriously impact transport from the mine, even if they stopped short of total control to Kyiv. Blockades of ports would be highly likely if it reached any sort of escalation.
The way a war would play out is those who're on the front lines in the Donbas region will end up being more aggressive and basically call for aid, at which point Russia will announce they're going in "to protect the civilians", at which point aircraft are shot down, and you rapidly get an escalation. Wait isn't that what effectively happened last time?
I'm out at 368, looks like the potential for a big retrace could be in order. I know the company is worth every penny, but i think for the next couple of months it'll start creeping downward as tensions grow and more people are aware of the companies that could be hit hard. Really happy at my first +100% return on investment though. Nice chunk of money for the next investments.
Still creeping up to $198.7/t and $64.3/t PP. So a total of $263/t. This could get pretty volatile as the company is worth so much more, but political risks pulling it down.
If you're interested https://www.mining-technology.com/features/qa-talking-automation-emissions-and-expansion-with-iron-ore-miner-ferrexpo/
A good percentage of the business is now automated, and workers in general will be isolated. Industry tends to not be able to stop unless there is an incident at facilities in which case quarantine and bring in reserve staff.
Looks like we hit an average in march of $193.05/t 65% fines, $53.45/t Pellet Premium, for an average of $246.50/t.
Pushes up 2021 average to $191.12/t, $49.84/t PP, for a Q1 average of $240.95/t.
i think we'll stay positive movement until q1 results and maybe another divi announcement.