Member Info for mattwales

we moved up Friday with a slight decrease in the iron ore price.

I hope he tweets steel tariffs gone....anyone know if these rollbacks are included?

look I could well be wrong but I see no reason we shouldnt gap up to over £2 within a month.
Based on iron ore price we should be well above that already.
trump doing a deal is icing on the cake people will pile into metals.

dark, i really cant see any reason we wont have a repeat of the September to april move of last year i.e all the way back up to £3.

https://www.tradingview.com/x/u3s9Jtvc/

its why im back in I didnt want to play it too clever.

everytime the MA20 and MA50 have both turned positive in the past year major moves up.

https://www.tradingview.com/x/u3s9Jtvc/

great start but we'll sell back down to 1.50

based on past 12 months the MA20 and MA50 both turning positive signifies a major move up.

https://www.tradingview.com/x/u3s9Jtvc/

Pure play iron ore miner hits record market cap. Then compare it to here

The market is over 30% more expensive than this time last year for the 62% iron ore with higher margins for 65%.

Then ferrexpo was dealing with prices around $75/t for 65% iron ore now around $106/t.

It's frustrating we should be over £2 already but these prices represent a bargain because we're completely disconnected from the iron ore price.

https://www.ig.com/en-ch/news-and-trade-ideas/bhp--rio-tinto-and-fmg-share-prices--whats-the-iron-ore-outlook--191211

$20 uplift in iron ore prices since the bottom of 120, its frustrating this is being held down

https://price.metal.com/spots/MMi/201804260018

lets face it, it should be rocketing and be £2.10 already....

could be heading back to 1.46

the only bit in both RNSs I was happy about was his intent to step down.
if he had stepped down with immediate effect it would have been better

In September when iron ore prices were this high we were just over £2 a share. In April over £2.60 when prices this high.

Fundamentals completely out of the window at the moment.

Trading update in early Jan may shift this but more likely bumper results in April will.

moodys expect ebidta at $560m…….first half was $372m, second half iron ore prices are bonanza. all the analysts completely underpredicting FXPO full year results IMHO

last time prices this high Sept when the price was over £2 a share.
price is a nonsense right now.

MMs starting to spike the share price, good sign.

I should imagine they'd do RHA first in any case to get into production while they site clear Zulu and make it ready for electrification.

Shiny the article stated both and it makes sense there would be site work PREM were told they have the EPO.

Recently, Premier announced that it was waiting for the country’s power utility, Zesa, to connect its RHA Tungsten Mine to the national grid to enable production to get underway within the next four months. Site work at Zulu project near Insiza in Matabeleland South has also started with the construction of a suitable substation for electrification of the mine.

https://www.chronicle.co.zw/premier-gets-epo-for-mat-north-projects/

It helps we have experienced people on the board of directors of running a mine.
PREM will have far better direction with this new management team in place.

There will still be delays (it's Zimbabwe) but hopefully this new team will make things more seamless to minimise delays and vitally cost.