Member Info for LythamSlim8

Yes the infrastructure could be disrupted but again you would think the train drivers and port workers be considered essential workers.

The most up to date figures I have seen indicate 10 deaths & 475 cases in Ukraine.

https://www.kyivpost.com/ukraine-politics/covid-19-death-toll-rises-to-10-in-ukraine-with-475-infected.html

It also appears that the country is taking some fairly drastic measures quite early at both national and individual level he he

https://www.indy100.com/article/coronavirus-attack-bus-strangers-ukraine-9433271

I think they will nip this issue in the bud better than Europe.

As for the mine closing? It is simple - the country needs those dollars and the mine will be deemed an essential industry.

80mt offline in S. Africa. Looks bullish this.

Interesting comparable to FXPO currently undergoing funding - Black Iron. Looking to raise $800m to open a similar operation with 4mtpa output ( ie a third of FXPO output next year)

https://blackiron.com/

The cost of setting up from scratch highlights the value here.

113 cases. China stepping in to help - they need that Iron ore.

Finally caught the virus - Under £100 now. Looks a little sick.

That is quite a range on FXPO so far today.

And bear in mind that Latin America is burning both politically & economically. This is setting the stage for a new commodities bull.

https://in.reuters.com/article/asia-ironore-idINL4N2BB0ZF

For perspective on the virus hellyeah - have a watch of this https://youtu.be/p_AyuhbnPOI.

FXPO, as expected chugging away nicely. Debt coming down, capex up, very healthy cash pile and iron ore looking strong.

A money making machine - what's not to like?

I trade it around a core position - let a few go on an up move, buy back in on a down move.

Up again.

http://www.mmiprices.com/#/en/detail/201804260015

Outperforming the market today. Looks to have turned a corner - any buying on the back of decent results this week could send this back over £1.50.

Odd that the price doesn't seem to updating on LSE.

Holding 34k now so don't want to overstretch but am expecting decent results. It's a money printing machine that pays out a lot in divis & special divis - what's not to like?

Those on here talking about seeing 20p again, I seriously doubt it. The last time FXPO hit 20p the debt pike was crippling & market was pricing for bankruptcy. Today that debt pile is almost paid down & we have seen some serious capex.

Iron ore safe haven status setting up the miners for the quickest share price recovery

https://stockhead.com.au/resources/barry-fitzgerald-iron-ore-bucks-coronavirus-drag-set-to-remain-strong-for-the-rest-of-2020/

Maksym on the 29th October 2019 you wrote the following 'when the maximum degree of pessimism in these stocks comes then growth will begin'.

The last few weeks have been pretty pessimistic with Thursday afternoon marking a significant low point - I think the new growth phase for Ferrexpo has begun.

Any guesses on how much the debt will have been reduced?

https://www.lse.co.uk/news/ACSO/uk-earnings-trading-statements-calendar-next-7-days-qu15hrp3hscur3x.html

Apologies Matt - click on FXPO share news at the top. It's at the bottom of the 1st document