Member Info for LuckyLuciano

Talking about geopolitical risk, I can't believe investors are willing to value 2 to 3 times fxpo current sp, some miners especially gold miners that operate in Africa where the governments could tell you from tomorrow...that's it the mine is ours you can go home now.

up and up...we need to close above 323.20 day candle highest of 2017. may not be today but surely soon possibly before trading update in a couple of weeks.

Incidentally new iron ore price high...

http://www.custeel.com/en/csi.jsp

Sure I suppose it all depends on iron ore prices, the operation is faultless, always delivered on what promised, more news coming shortly on 12 million/t production expansion. But for divi in 2021 will be down to iron ore price. In my opinion they will remain high for the foreseeable future.

Second special divi for this year, to date 33c with final divi to be declared. For those luck to buy at the lows is going to be a 20% dividend for this year.
Looking forward for trading update in a couple of weeks at a much higher share price...

One thing I like to understand is how can a share close the trading day before at 297 and open the following day with a buy at 294.
UK market makers are possibly the most enigmatic people on the planet, no surprise if the financial sector in this Country will almost disappear.

Disappointed but not surprised.....any other share but financials up on Brexit euphoria and vaccine roll out, and fxpo even managed to open lower. Trading investors chasing the quick profit.....yesterday fxpo in Frankfurt was up 5% plus I was hoping the same today for UK listed shares, but it seems it was just a trend realignment. Perversely it looks like fxpo is doing better when the general market is down lol

Looking at a correlation between FXPO SP and China Iron ore 62% price.
At begin of 2016 we had the lowest in both iron ore and Fxpo. Is interesting to see how Fxpo sp even after a correction of iron ore price in 2017, kept rising to today level.
The thing is today iron ore is at double the price of 2016/2017 high.
https://tvc-invdn-com.akamaized.net/data/tvc_1dbc9c780e886238d65c67ed97f72f42.png
Also if we look at prices from 2010 we can see how Fxpo follow iron ore throughout. But where in some periods 2017/2019 fxpo price is higher, recently it is below iron ore price trend.
This makes me confident that £5 per share will be achieved sooner than later.

https://www.mining.com/operations-restarted-at-samarco/

https://www.mining.com/web/iron-ore-price-frenzy-grips-chinas-mammoth-steel-sector/

and not just China need iron ore...
https://www.mining.com/web/steelmakers-set-to-lead-india-metals-to-best-quarter-in-decade/

By the way unvrkw
looks like is only me and you holding this share.

Yes an attempt at opening to go past recent high, confirmed by closing at higher for the year. Volumes are very decent considering Xmas, if this is on the radars of traders will rise quickly, if on the radar of dividend seekers not so quick.
The sad thing is that iron ore prices are forecasted to remain high for the foreseeable future.

Chinese are desperate for Iron ore.
https://www.mining.com/web/iron-ore-price-frenzy-grips-chinas-mammoth-steel-sector/
https://www.mining.com/web/republic-of-congo-cancels-iron-ore-project-with-sundance-resources/

Biggest holding for me too by far .
IMO reason why sp is not moving up as before is because on balance people have taken profit pre Christmas and probably mm are rebalancing the books.
Divi and q4 production numbers should come out mid January and sp will be nearing £4 in no time.
You are probably right in suggesting that any meaningful retrace of FXPO sp will occur at all time high, and if is true that we are witnessing a secular rebound in basic commodities price, £5 sp for FXPO will be a steal.
The fundamentals for iron ore price are set in a very positive way.
Happy Christmas and very rich new year to all.

Up and away new high...
http://www.custeel.com/en/csi.jsp
From the 14th Dec to today is $10 more per Tone, meaning $120 million more net profit on next year production.
In other words 16p more in dividend just in 10 days, astonishing.
In my opinion a couple of things that would rapidly increase the sp, would be more media exposure (although I wouldn't like FXPO to become a kind of Twitter frenzy share) but especially a positive would be some acquisition/diversification project.
Sooner there is going to be lots of cash in the books and although dividends are always nice, it seems to me that the market these days is rewarding more companies with expansion potential, rather than great dividends, one of the reason why there are many shares valued at astronomical price earning ratios that don't pay a penny in divi. These days investors buy more the promise of future gains than a steady income and I suppose is also depending on the age group of investors of course.
More importantly though a new mining project could de-risk geographically and possibly in type of commodity/price Fxpo. produce.
Anyway can't complain with current operations in my humble opinion it seems the company is in very capable hands and I suppose the results regularly confirm this. Price is holding nicely after recent run..kind of forming a flag pattern ready for a break up higher probably after Christmas.

Not whishing FXPO down not if I was not invested. Is just that I have too much £ on it and panic takes over....
In the end I suppose is all to do with timing when trading, and mine is really crap.

Tried to trade it in and out to maximise profits but at best I managed to re-enter at same sale price.
Day candle graph Friday formed a gravestone doji, needed a lower price closing confirmation today ......not happening!!
I am not so happy about iron ore price going up so relentlessly, but not complaining either.

China Seaborne index 65% Fe fines 170.10 $/T

Yes and it does look today is the begin of consolidation. I made the decision to get out with the hope to buy lower .