Member Info for MakinHay

Guys, I have successfully traded this share, in out and away, for some months now..and currently sitting on the sidelines waiting for the next opportunity. I am however a bit perplexed over recent SP movements with virtually no volume. It’s almost like something is artificially holding and supporting the SP. For reasons previously given, no production, reserves being depleted, power disruptions, burning cash etc., it is amazing that the SP continues to hover around 3 month highs. The SP has also risen about 70% in the last 6 weeks! There is no doubt that longer term this is a great hold, but with things the way they are atm I would have expected the SP to be hitting year lows. So keeping it on the radar but out for now. Atb Rich

..the Mantis strikes! Still clearly massively undervalued imo. Atb Rich

..and anyone would think the company was going bust when looking at the SP performance! Mental!

Looks like we might, for now, have reached a ceiling for the SP. I’m interpreting my charts as Sell and a bit of a retrace looks likely. Longer term no brainer Hold. Bwtfdik :) Atb Rich

Due for a move north imo. Charts look like a preying mantis ready to leap, sp is on the floor especially for this time of year. So come on Santa, get your act in order! Atb Rich

Every flight I have been on lately has been jam packed, Airports are buzzing..and with some flights being rescheduled if not viable. So imo airlines are doing well atm. And with crude now sub $80 It would not be unreasonable to expect the SP here to get in to the 140’s or higher. So what is holding it back..apart from the fact that this stock is often very slow to react. Surely a move north soon. Atb Rich

Was inevitable that there would be a response from Russia imo. Just a case of how low will we go! I think a bit lower…especially once the Dow starts to tank..which imo it will! Atb Rich

Broker comment sent us down at the open with some sense now prevailing. Don’t think we will totally recover todays drop so I’ve been in, out and away with a quick 10k. The share fiasco will keep the brakes on here a bit, but a long term no brainer imo. Dow is also hovering at recent highs and looks like it could retrace…which may also not be good news. Still not confident that things are going to remain calm, although the longer it is, the more likely a move to a settlement imo. Atb Rich

..so sold a major part of my holding here. If the Dow drops then so do we and indications are that a retrace is looming. I’m locking in recent gains and looking to, hopefully, buy back cheaper. Anyway, that’s the plan! Atb Rich

..Not many Chinese in Hua Hin! ??

..I have been sitting on 250k of these recently. So quite loaded up. But due to the recent healthy rise and checking all the charts, decided to lock in 100k at these levels as could soon buy back cheaper. Anyway, that’s the plan! Everyone to his own! Atb Rich

…up over 1000 pts in the last two days! Anyone think that is sustainable must have rose coloured glasses imo! And if / when it drops, we are going with it imo. Bwtfdik! Atb, Rich

I have clearly stated that I have no idea how much reserves they have…but I would certainly like to know?! And also that I am trading the share. What part of that do you not understand ffs! :) I have also stated that imo this is a good long term hold. Think you might need to be less selective in your reading.

Clever Thoughts: I have to agree. The stockpiles cannot last too long..and they are currently shut down, not producing. I have been unable to get a definitive answer to how long reserves will last (Anybody?) and all the time burning cash. There could be opportunities to trade in and out, but very risky as negative RNS could come at any time…and the drop would be eye watering! Clearly a great company and the SP upside when there is a flicker of a ceasefire could be meteoric. Drop by the Dow last night, which I expected, is unlikely to improve the SP here today or anywhere else for that matter. Atb Rich

Just sold the 10k from earlier plus a 10k from yesterday @ 99.4043p. Managed to turn a small profit which was probably fortunate given the rise and drop back today. Also not convinced the Dow will hold and may drag everything down with it.
Still a long term buy at this level imo..but I’m just trading it in the meantime. Atb Rich

..so another 10k @ 99.943 for me! Atb Rich

But wtf do they know…eh! ;)
‘The 7 analysts offering 12 month price targets for Ferrexpo Plc have a median target of 215.28, with a high estimate of 365.11 and a low estimate of 110.22. The median estimate represents a 108.40% increase from the last price of 103.30.’

Barring a world catastrophe, there is only 1 way this is going in the next 12 months. Got to be one of the best punts around for a recovering SP imo. My boots are filled!

..unlikely to see sub £1 again imo. Great Buy opportunity at these levels for a medium term hold. Just my opinion! Atb Rich

Complete waste of time having a London Stock Exchange. Might as well be incorporated into the Dow. Up we go tomorrow! ;)