Member Info for LythamSlim8

£1.58 proving a tough nut to crack eh? Hopefully we'll see the back of it today.

The correction will be in Sovereign debt. The coming event will send a tsunami of capital will flee into private assets - equities, property, gold, collectibles etc

Huge, if true.

Wasn't the earlier guidance 10.4 - 10.6bn Mt? If so quite a jump.

Yes. Once £1.58 clears should hit the £1.70 mark (which coincidentally equates to £1bn market cap).

Seems to be resistance @ £1.58 - pulled back from there a few times. If it gets through then game on.

Just a game isn't it? Daily chart looks healthy after that pullback though. Only 2 & bit trading days left until Xmas. Target of £1.70 may be stretching it but I'm standing firm.

Wouldn't surprise me to see Ferrexpo included in some of the top shares for 2020 lists that the financial pages run over Xmas.

The Ftse off a little today after the post election bounce. Things have changed since Friday though - GBP & Ftse rising in tandem. As opposed to the previous pattern of gbp fall / Ftse rise & vice versa. UK now a safe haven for capital within Europe.

I'm optimistic that Ferrexpo will print in £1.70s by Friday.

Quite a drop this morning. Iron ore off a tad but cannot find any other bad news. Just topped up.

Just a steady and inexorable rise. Might see a few jitters around £1.70. Should then take out £2.15 before an assault on £2.40.

GLA

https://www.globenewswire.com/news-release/2019/12/13/1960279/0/en/Iron-Ore-Pellets-Market-to-hit-95-billion-by-2026-Global-Market-Insights-Inc.html

A bit of patience here is the key. As Warren Buffet said "The stock market is a device for transferring money from the impatient to the patient."

The future's bright.

You have touched upon a point that I believe is crucial to future success at Ferrexpo. There are 2 key megatrends that will dominate the world economy in future decades:

1. The financial centre of the world is shifting away from London & New York towards the Far East.

2. The emergence of a new Silk Route.

Geographic position will prove pivotal here & will further enhance the dominance of Ferrexpo within the international steel trade.

The future's bright.

It's like 2016 all over again.

Next stop £2.10.

Followed by £2.40.

https://en.interfax.com.ua/news/economic/630136-amp.html

On

Volatility in a share is a great thing. Oscillators calming down on the 15 minute chart now - might get another tear before the close.

GLA

Shares rarely go up in a straight line but after being hammered down from £3 this appears to have put a base in. Slowly gaining traction - £2.10 & subsequently £2.40 will print. Just give it a month or 2. One thing I learned on the way up during 2016 / 17 is that Ferrexpo can shift.

Gaps to fill at £2.10 and £2.40 according to daily chart.

If its action you're after the betting markets on the GE are active. Total Conservative seats (320-329) down from 8-1 to 5-1 since Monday.

.. Soon enough.

You all know it.