Member Info for LuckyLuciano

On dividend it was 72.6c in 2020 with iron ore average price at $/t 122 and $/t 109 for the 62% lower grade. Just imagine this year double iron ore price and all high grade production. I am expecting a juicy divi comes H1, as to be with current high prices and no prospect for price to come down any time soon.
Possibly investors paying catch up after H1 for sp to go beyond recent resistance.

I am unfortunately invested in BMN. Please do not remind me of that sorry decision to buy BMN a week ago or so. Awaiting to break even to get out mate.
From today H1 costs are rising by the day, lost of maintenance expenses still to come, production revised down, and the BoD hanging on the price of FeV to rise to manage to repay debits. I could go on... and I could post my though on the BMN board, but decided to give it a rest. Today sp action till now saw sellers taking the exit door as soon as sp hit 12.5p, beside no need to talk about downfall of BMN, the sp is already a good indicator.
Anyhow thank for posting on South Africa situation, we where very worried on here.

What a losers.

Wrong board mate.

pl disregard my previous post.

....my apologies.
I was meant to post my comment on another board.

What a f@king disappointment.

News on financial time, somming up recent production guidance from major iron ore producers. If anything going forward production is to stink. I missed Bhp news which apparently stated that many of its operations will be undergoing a major refurbishment. As predicted (sorry to show off) iron ore is virtually the only commodity that will maintain high prices with upside potential. This is becoming a truly suoercicle6fir iron ore. Production capacity is at full tilt, and any other meaningful project to imoact6supply is at least 5 years away... Odds are that there can only be supply constrain for the foreseeable future. What opportunity to buy fxpo at the moment...... Dividend could be 20% less tax at current sp.

I did ask for today close above 103. Hope I have not spoken too soon..

I am looking at reopening economy stock rebounding strongly and covid related biotech on the retreat.
It should bode well for tomorrow

I would also add for what is worth that all my PGM watchlist miners (12 of them ) but SLP and ELR have close in the green.

I just like a close tomorrow above 103 thank you very much.

For those believing in candle stick interpretation.
Today we had the perfect "Bullish Harami"
Explanation:
Bullish Harami
The bullish harami is the opposite of the upside down bearish harami. A downtrend is in play, and a small real body (green) occurs inside the large real body (red) of the previous day. This tells the technician that the trend is pausing. If it is followed by another up day, more upside could be forthcoming.
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So lets hope for an up day tomorrow to confirm a continuation of up trend..

Yes Chatmandu I am with you on Q4 possibly been baked in, note though that there will be FY shortly after on/neat 4th Sept, I am looking at the sp reaction for the past 2 years and is always a nice up trend leading to FY results......hence my doubtful certainty that we may touch 85p but by September we should be back on the up. Also for what is worth the 50ma has not crossed yet the 200ma and hopefully will not happen.
On PE yes is a good indication if a share/company is good value or not, if used in comparison to peers, sector or historically.

My opinion.... Forget about PE. Even if after approximate calculations we get to any value, let's say 4, who says that the sp will reflect that valuation?? Better to focus on sp and market events, including macro economics, political and news flow. In my opinion the drop is fully justified. We had PGM prices slowly coming down for a while now, the South Africa riots, and covid variant tha tretten to jeopardise full reopening. In the end havi broke below 200ma, the sp is looking for 85p ish.. support trend line. I was hoping for a rebound today after yesterday indexes drop. Is not happening, unfortunately some long term holder been still in profit want to cash in, hence depresse sp. I can't blame them....a profit is a profit they say. Only thing that may go against selling now is Q4 results due in a week or so, and the sp been so close to 85p support, mind you these to positives for Slp are as much important as Southafrican riots coming to an end (most of all) and covid variant.

Chatmandò thankx for your reply. A clock with 24 hours? I don't believe it! Lol.

Chatmandu
- If you're right, it doesn't actually prove anything - i.e. it's a coincidence. Even a stopped clock is right twice a day (only once in Italy).======
I don't know what you mean but...I LIKE IT.

Velo
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Very, very roughly, on I only visually glanced kind of thing, most of the 200 meet-up's dropped just under 10% at it's down peak. Hence my opinion of low 90's.
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I assume you mean dropped just 10% from .......?
I am looking at two occasion when price crossed 200ma, mid March 2020 drop of 38% from moment it crossed and begin of July 2020 drop of 16% ....
I am looking at an upward long term trend line, with support at 85p right now.
I am looking at RSI which never been so oversold since 2019.
Obviously technical can't predict everything to perfection because the stock market is also made by human emotional action and reactions.
The delta variant and South Africa riots possibly are the main issues that have brought SLP sp to this levels, imo it will be testing times to se if it break below 85ish.
Hopefully the riots are easing and we will get a confirmation in coming Q4 that production has not been affected, and the delta variant will become one of the many variants that we have to get used to, when living with covid.

Well Hunter111000 I got what you mean....and that is that Mr. Zhivago is a perfet ba@stard piece of s@hit.
The thing the guy as some other assets beside FXPO that are loss making, and I can't understand why he doesn't get rid of them, pay the court and make this issue go away. I suppose is his style of life and he is happy with it. Perversely I wonder if this uncertainty upon Fxpo due to his majority shareholding turns out to be beneficial to him. I mean the company possibly is forced to give away more dividend that it would, in order to be an attractive investment proposition due to his shenanigans, this in turn hugely benefit him with huge income on a regular bases. But this is just conspiracy theory. One thing is for sure. Among all the asset he has fxpo share is the last thing he would depart from. Good thing that the Court is moving toward closing this case by trying to take some asset away from him, no doubt he will fight hopefully a legal battle, but if is to become illegal, then possibly thing will get tougher, if he will try to resist court proceeds illegally, than we may see problems also with fxpo asset....IMO

The longer it's put off too the more money he makes from the dividends
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Hunter111000 sorry have to disagree.
The amount of dividend he gets is the amount the company decode to share with investors and the number of shares investors have. Nothing to do with the sp. But if someone is to buy fxpo right now clearly a low sp wold bring more dividend for the same money invested, hence my suspicions that this kind of news resurface near a potential rerating in sp with H1.
Just my conspiracy theories by the way. Ant how all miners down (for some particular reason which I don't fully understand) Thing is when a small correct has to happen any excuse is a good excuse. Today was supposed to be a day with all the reopening stocks down not miners as well but....