Member Info for LuckyLuciano

...saying this sorry for the intrusion no more words on the matter from me.

I have to disagree, probably if I was Chinese my opinion would be different but is clear that there is a break down in communication between those Leaders, in the end neither of them is doing any good to humanity.
This macho posturing from both sides surely is not the way to conduct summits, sometime I wonder if they are aware that the world is watching. I like very much Putin reply when asked what does he think of been accused of murder. He says guilty is always the person that throw the first stone. I don't know but somehow I though Biden would posses a much greater fortitude at his age.

On another matter from Fxpo.
Biden and the Us administration are loosing the plot and the Chinese are getting really angry. But also why is he going round calling people assassins?
Lets hope he doesn't turn out to be another Tweeter maniac.

Yes Looks good FMG is the technical that I don't trust, plus massive market cap but definitely a safe bet. Would buy it at 16/17.

Have bought some shares of another iron ore miner, after a bit of research I found Grange Resources AU (GRR)
If you have some spare cash it should be a great way to spread your investments. Mind you when you buy AU ($) with £ you will pay some 3% exchange rate commissions and you are exposed to currency fluctuation, if you then sell it back in £.

Yes Hunter111000 the word "right now" is what make me believe the future is bright for iron ore.
Almost any metal and commodity has been rising recently out of expectations and some time geopolitics, iron ore and copper are rising out of real supply and demand unbalance which going forward is going to get even worst. I was reading that the iron ore China needs for steel production, is not only for domestic use. China is developing almost any other neighbouring Country with its industries, they are exporting manufacturing to Countries less developed and is happening right now. Other metals like Lithium for example are red hot right now out of expectations that there will be a EV revolution but in reality imo the price of most of these type of metals, run the risk to tumble in the near term whereas iron/copper price are bound to push higher, probably not in a straight line....

https://www.argusmedia.com/en/news/2197124-vietnams-ferrous-scrap-imports-drop-again-in-february

https://www.argusmedia.com/en/news/2197091-australia-urged-to-diversify-exports-away-from-china

https://www.youtube.com/watch?v=q4o4i5ellcA

https://www.investing.com/analysis/is-this-the-start-of-a-new-commodities-super-cycle-200568121

https://www.mining.com/china-backing-autocratic-regimes-to-secure-resources-report/

https://www.hellenicshippingnews.com/chinas-one-sided-recovery-drives-iron-ore-market-back-up/

Impressive how the reopening of the economies has increased iron ore consumption from China. No doubt recent iron ore consumption increase is a rebound from 2020 slump due to pandemic, but if I read correctly it is still lower than 2019 meaning there will be more to come.

Yes Mudis looks like that.
I venture to say that today sp will break 370 and stay there, by the way I notoriously bring bad luck.
The financial web site I use to check prices and graph, has promptly update info on Fxpo accordingly to latest financial results, it shows a PE of 4.66. Mind you under dividends shows 2.89% yield which is wrong.
Earlier on on this board we where chatting on possible profit forecast for 2020 and future guidance. I am please how close we got to predict these numbers...if correct I remember for 2021 at current iron ore price the PE was coming down to just above 2, or almost £1 billion profit. Is had to believe.

..well that is how it is.
Evraz 3.85% down plus Fxpo 1.41% up equal 5.26%.
All miners down today but Fxpo not bad right?

Thanks ...I just found out that I can't transfer like for like ISA investments from one broker to another as I would lose the tax free investment status. Strange but hey....I don't make the rules.

Please does anyone know a broker covered by Financial Service Compensation Scheme (FSA) that has a simple fee policy like fixed commission or monthly charge?

Yes but please let me add that if iron ore price drops significantly at one point dividend will end...trust me.
It all depends on which investment time frame you have and obviously the iron ore price among other factors.
I suppose I am more bullish than others on iron ore, but when I see prices of many other metals skyrocketing based on hypothetical fundamentals and fancy projections, I am more comfortable to be invested in iron ore. There are analyses on price of material and commodities that debate whether this is going to be a super cycle or not, meaning if is going to last 10 years in stead of 1 years.. for example. Imo to understand these forecasts we have to take in consideration the availability of the stuff worldwide. For example Lithium is very much a trendy metal, everybody is talking about, very useful indeed, price is forecasted to dramatically increased, but funny enough like Rare Earth Metals is one of the most abundant stuff on earth. Add to that the current monopoly that China has on Lithium and its limited use, imo its price is destined to be subdued with crazy spikes high and low. Iron ore is different, its strength is the need for it in almost any sector of the economies. This is already a prerogative for price super cycle, its limitless usefulness and its limited supply.

Maybe you should change your nickname Midas..
Debit some time is necessary to make a profit, in the end is all to do with how much interest are payed on debit, compared to how much net profit is going to be generated.

..still please explain why iron ore should be dropping?
I am just posting out of total boredom by the way....but look at what happened to iron ore prices recently. Not even shutting down production from China and many negative outlook from so called analysts have made a significant impact.
These are short terms event, mid/long terms imo see iron ore at higher prices than toady, by the way iron ore is the larges component in wind turbine, solar panels, rail ways and white goods the world can not do without iron and is thanks to this material if today we are where we are...still at the iron age stage. The caveman.

https://www.championiron.com/wp-content/uploads/2021/02/roadshow-presentation-february-2021-vfinal.pdf
==========================================
Was comparing operational performances between Fxpo and Champion iron ore and after spending a decent amount of time of my life, came to the conclusion that there is no much deference between the two.
Still it would be a shame...to waste all this time hence I am sharing this presentation from Champion.
What shocked me most is at page 9, the graph showing Chinese increase in steel production of some 50% in 5 years, compared with major producers export and iron ore worldwide production in general.

NelsontheDog
you analogy of the lion made me laugh thanks.
Me too had a long traumatic experience with investing been down for me a life changing amount, for then been able to get everything back this year. considering that I have been investing/trading for 30 years it has definitely been a rollercoaster. On Fxpo though I look at it more like a ****ed-off cat than a lion in a sense that in normal market conditions, its sp is reasonably predictable compared to some AIM shares.