Member Info for jojos

Last years production was 4.1 million tonnes for whole year,

we have done 3.7 millions tonnes only in the first 6 months and still have 6 months to go do the maths .

But still good results 75% increase from last year this time considering everything that is going on.

"It is pleasing to report strong production results for the first six months of 2024, an 83% increase compared to the previous six months to December 2023 and a 75% increase compared to the first six months of 2023. This is our best performance since the start of the full-scale invasion of Ukraine in February 2022.

The main share holders are still holding.

BlackRock 29,331,096 4.9%

Schroder Investment Management 28,281,771 4.7%

Also there are no shorts positions held.

That gives me confidence going forward the share price should recover to a good level.

People keep mentioning the court cases.

They have already set aside $131 million for any negative outcome from the court cases,it was reported in 2023 results.

Zelenski now inviting russia at next peace summit,

Looks like this war might finally come to and end soon.

http://youtube.com/post/Ugkx5Jrq0FBXA2aoa5IMzqVcKkKaEfZ40XVu?si=qcayKP6Q87nEjbjr

Regardless of who wins the elections,if fxpo keeps increasing production and sales and maintains it for the rest of the year the share price will increase and adjust automatically.

Pre war was trading at £3 with similar production numbers,even after war started we around the £1.50 mark so a long way to go yet.

Electricity price might have increased but they have also increased the production level close to pre war levels.

The cost to produce 1 tone is around $74 and iron price is around $113 level today price, so company will still be making profit

H1 results were excellent production increased by 200%,can see similar production figures for 2nd quarter hopefully on monday,

So share price is not reflecting true value here.

Iron ore price also been creeping up.

https://tradingeconomics.com/commodity/iron-ore

The only way is up from here,its market cap is way too low for how much they are producing at moment, even with the war and claims going on.

Looking forward to some good 2nd quarter results due around the 7th july,should give sp some boost.maybe start of some divident again.

Even zelenksi beginning to change his tune,saying drawing a plan to end the war now.

https://youtu.be/VLHH31KL7Oo?si=84dMdY5EZvzcX7s0

Next news is 2nd quarter results around the 7th july should be similar to 1st quarter, which showed production up by 200%.

The only explanation i can think of is hedge funds closing positions, because it has dropped from ftse 250 yesterday.

Tax paid for 2023

Ferrexpo PLC - Baar, Switzerland-company which is a producer iron ore pellets in Ukraine for use in low-carbon steel production - Details payments to governments in 2023. These total USD32.1 million, company says.

Some massive after hrs trades showing.

21-Jun-24 16:39:42 43.70 2,000,000 Buy* 874.00k O

21-Jun-24 16:36:32 43.70 1,173,872 Buy* 512.98k O

21-Jun-24 16:35:20 43.70 8,465,540 Buy* 4m

From my reading the court case has been adjourned again till 8th august now.

Somebody definitely accumulating at this price.

Nice trade.

07-Jun-24 15:36:47 45.50 5,000,000

Unknown* 2m O

Pre war this was trading between £2 to £3 range.

my target price at least £2.50 when everything settles down.

I would'nt worry about production last quarter it had increased by over 189 %

Next results are due in about 4 weeks time which are going to be either same as last quarter or if not better.which should give the share price a uplift.

Highlights

· Ferrexpo is committed to the safety and wellbeing of the workforce and the Group continues to take extensive measures to protect employees, their families, and local communities.

· Ferrexpo continues to produce, transport and sell its products despite a challenging environment in Ukraine.

· At the end of March 2024, the Group reported a rolling 12-month LTIFR of 0.36, below the historic five-year trailing average of 0.52. Zero fatalities have been reported for over three years.

· The Group has successfully operated two, sometimes three pelletising lines (out of four) during the quarter, alternating product quality depending on demand from customers and expanded logistics capacity.

· With more stable production from each of the pelletiser lines, total iron ore pellet production for the quarter was 1,813,973 tonnes, a 189% increase compared to the previous quarter. In addition 240,516 tonnes of 67% Fe concentrate were also produced.

· Total sales volumes for the quarter totalled 1,991,936 tonnes. All sales were for products grading 65% Fe or above.

We could be back in FTSE 250 quicker than people think.

Each calender quarter the FTSE 250 companies are reviewed either they will exit or enter into the index according

to there market cap.