Member Info for LuckyLuciano

Massive buys early morning to the tune of 100k and 200k (for divi pay-out I suspect) the seller are very small trades which should clear way throughout the day. (hopefully)

Massive dividend almost 20 penny after Swiss tax. No gap up in share price this is not a small cap miner and news where quite expected beside the massive divi have to say. Possibly today share price will slowly rise to 370 and hopefully more days up to dividend pay day.

I am with you chasbrown
if there was a build up in share price possibly is the recent new high at 365 which was sold immediately. Fxpo sp has a mind of its own and hardly driven by news flow. Supposing that recent rise is due to iron ore price, tomorrow results could bring a new high from which to build up. I agree the Oligarch wont like shares buy back and is going to be another dividend time, not too much because this year the cow has been milked quite a lot. We are in a checkmate situation and the only positive thing is the iron ore price, if only Fxpo would start to make some acquisitions?! So many mining project out there valued under £100 million, is the profit we are making in roughly a month right now. Can't believe the BoD is soo lazy not to see these opportunities.

Interesting didn't know the stingy Zhevago don't pay tax due to Swiss citizenship, I was wondering why Fxpo is also traded on the Swiss exchange?!
No doubt his majority stake on the company is depressing the sp, this has been going on for ever now, yet the ban on share sale from the Kiev Court has been lifted and possibly, he could sell some of his shares to reduce his holding to minority stake, facilitating a possible take over?
Recent sp pressure is on any miner not just iron ore. Fxpo sp has doubled in less than 6 months and at this rate it would be £14 in one year. We all know this is not going to happen even with iron ore prices this high, what is important are the fundamentals for the metal, reopening of the economies, infrastructure spending to modernise and create jobs in many developing countries. I might be wrong but lets face it, recent Chinese steel production shut down due excessive pollution, has hardly affected iron ore price. If this was a premeditated tactic to bring down iron ore price, is not going to work because can not go on for ever. The majority of energy in China is produced with coal and the right approach to fight pollution, would be to tackle this issue and fast, although I have my doubt there is a genuine will to do so from the Communist Party.
They will only act on this once they realise the problem is bigger than the solution, is human nature. This bring me back to the conspiracy theory of using policies to affect iron ore price and for this reason, I know that there is no way out for them. Scrap iron for steel production is an alternative but beside the extra pollution it produce, I am not so sure in the end is so much cheaper, once factored in the cost of logistics and infrastructures to switch to a different type of raw material and its availability for large scale steel production. This is way they are investing billions in low grade iron ore mining project, which at current price may just be breaking even, but for now the only rational alternative that strike the right balance is high grade iron ore and pellets. Is no coincidence if Fxpo sale to China have doubled in the last months.
£5 for Fxpo is very cheap imo and if it hasn't happened yet is only because of lack in a catalyst new, on this front I have to strongly criticise Fxpo Public Relation machine, for the total apathy and engagement with shareholders. Lets hope that at least imminent financial results will be a kick start for a due rerating of this Company sp.

Great price action of late after yesterday some 6% rise, today we get a reasonable profit taking.
On fundamentals Fxpo remain greatly undervalued compared to peers and also compared to some high fly tech stock so called growth stocks.
Looking forward to read 2020 results and delighted Iron ore price is holding well.

https://www.mining.com/copper-price-rises-on-demand-hopes/
It says one exchange had copper up the other copper down, anyhow the mid/long trend is up for copper and iron too ...An up trend from these price levels should give a nice support to so also after results. It was inevitable that fxpo paused after recent market turmoil. Ready for the next leg up hopefully an up day tomorrow building up for results and divi.

Just a correction on my previous post:
Copper price has come down a bit of late, I was reading an old article calling for copper at all time high.
MY APOLOGIES.

No bitcoin then the situation is becoming even more dramatic
I personally fail to understand how the intrinsic value of a technology will translate in tangible value, when there are so many crypto currencies out there.....which I imagine use the very same technology.
Mind you I have very little understanding on the subject and probably I am talking stupid here.
Then there are the matters on security and legitimacy of the currency and money loundering, but on that I suppose one could say the same for any other currency out there.
Back on our Fxpo I am reading that due to pollution the Chinese are suspending steel production for a while, it all sound a bit strange to me and if I was them I would take advantage of current lower price, to buy future deliveries of iron ore . Long term projections are for prices to rise, copper hasn't paused and its price keeps pushing higher, probably iron ore will resume upwards trajectory in a week or so.
I am reading that main cause of pollution in China is petrol engine trucks, used for the transportation of raw and finished materials........what are they waiting for to introduce EV vehicles and use renewable or carbon capture tech.

We are in a range consolidating till next move which is usually up, unless something dramatic happens to Fxpo or the world economies. The fact that more and more young people are investing has changed the investment preferences, people like Elon Musk has clearly understood this hence the massive valuation of Tesla. Iron ore is not trendy stuff and although is has been used since the begin of time apparently many people think they can do without.
Anyhow if only Fxpo would be valued in line with peers that would do for me.......

So then... we get Reuter circulating news that iron ore price is down 10% AND simultaneously several news sources following up with that.
Apparently the news regards an exchange that is ranked 11th largest exchange in the world by trading volume in 2019.
More over Reuters news are coming from "By Reuters Staff".
Now then why? WTF....Why someone would go to such a lent to manipulate the market? Pathetic.

Sorry mate will try to keep it more on the gardening side from now on.

Sorry can carry on using the Iron ore down 7% tread, because as far as I know it is a massive bull sit.
Is curious to see how quickly many media have picked up this news....if I believed in the conspiracy theory I would think that someone is trying to manipulate the miners sp.
The greedy side of me tried to trade Fxpo with mixed results, mind you anyone of us is a trader in the end is just down to time frame. My eye are more on iron ore price than on March 17th results, that is old news and beside some extra dividend which is unmaterial at best, we know what to expect almost on any front of this company operation.
Is puzzling to see such a good company like Fxpo been valued so low compared to other similar miners. I don't buy the oligarchs fraud narrative and the risk attached to it, for me is more politics and perception. Most wester media are biased towards their tribes are often are delighted at the opportunity to paint a scary picture, when is to do with someone else, is a way to deflect attention from many dirty businesses that occur in our countries.
Anyhow I am glad that Kiev Court have come to their senses, Fxpo is a great employer in Ukraine and with the expansion plans it will provide even more jobs and support the Country economy with a substantial investment.

Sp is a channel 320/355 ish..
and given recent pressure from main indexes it has hold very well.
Recent turmoil about inflation rising can only benefit even more commodities and in particular Fxpo. With lots of cash coming in it can only generate more interest payment on fxpo balance sheet, also materials are part of a reflation trade which should play out in the next moths ahead.

http://www.custeel.com/en/csi.jsp
Finally over $200 when most metals are having a bad day.
This is not to say that will continue at one point also iron will follow copper and other basic metal in whatever direction they are going, long terms though high prices should be sustained. Another trend coming in to pay is higher premium price payed for pellets, with rising energy prices pellets offer a cheaper energy production cost.
I am still looking though.... at main indexes and general market sentiment, which in my opinion right now weight more on Fxpo sp than coming financial result in mid March.

https://invst.ly/u10kz
I may be wrong but S&P may retrace to 3700ish. Already broken up trend support since pandemic started and sentiment right now are not positive with bond yield rising...
Today Powell will speak trying to reassure that interest will stay low for long, but he did that already last week and indexes have gone down. Then we get $1.9 trillion coming next week, in normal time this would push the indexes up one more leg but this time round it may add fuel to the fire, as more stimulus could mean even higher inflation and bond interest.
It should be all good for iron ore and Fxpo, but you know what happen when panic settle in.....

...Remember that we sell some 35% at china export price the rest will fetch a bit less/t..
Still it would be reasonable to think that for this quarter including premium we are making $220/t.
That's $2.64 billion revenue x year or nearly £1billion profit, depending on the $/£ exchange among other things.
Was interesting to see on Friday any other metal out there been hammered but not iron ore, copper down 3% .
Are we going to get a delayed drop in price? If so possibly will be short lived everybody is bullish on basic metals. The S&P index as finally reached the 3800 long support level running since the begin of the year. Any meaningful move below this level could trigger a panic selling and I suspect Fxpo wont be immune to this. US is about to pass the $1.9 trillion monetary easing and this will cheer the market and more importantly will keep the $ under pressure, all good for commodities.
Next couple of weeks will be interesting.

https://invst.ly/tyymn

Nasty correction on US market, bond yield rising indexes lower.
I see this on the S&P and if support is broken there will be panic.
https://www.investing.com/indices/us-spx-500-futures-streaming-chart
Have noticed that of late Fxpo is more sensitive to main index than before and just wondering if any rise like today will be sold off.
Build up to results still 3 weeks away.....fortunately iron ore price still holding.
http://www.custeel.com/en/csi.jsp

TBH on the day and week candle bar fxpo has made already new height suggesting will move higher, but with momentum on commodities running a bit out of stream, but mainly because of US main indexes turning negative of late, is anyone guess right now where Fxpo sp will go.
I am a bit worried about US S&P500, if you draw a support trend line from low in March given recent sell off, I wonder if there is a correction coming to revisit this support line.

...what Hunter mean is that although Fxpo is now free of debit and with cash at bank, if to borrow money (debit) is cheaper than rate or return on capital invested (borrowed money), than it would make sense to borrow and invest for higher production