Member Info for Pacman121

Sellers will have to dry up eventually. A ton of stock has gone thru above 15-16p. I think part of the problem is people are looking at their losses and selling adding to the spiral. A few maybe in cheaper taking what profit is left. Cash build is key and is what is happening here.

*sail

It'll cost an absolute fortune and take years to implement Labours energy plan and they'll need conventional energy to do it. No immediate threat. Once a bit more debt has cleared of course this will start to sale. It's tracking oil price at the moment. Confident it will bounce again like it keeps doing.

Me too tbf. Didn't expect fireworks but I did expect the buy backs to be a little more aggressive. Currently reducing debt by c80m a 1/4 so SP will increase in any case as FCF hits bottom line. Obviously gone quiet on the Golden Eagle sale so expect an update on that in the ops update next week. That sale could truncate debt free this year, unless used for M and A which hopefully it will be.

Haha my thoughts exactly. I'd rather they just purchased another £250 of stock.

When is the next update? Is it the end of this month?

In Jefferies defence, they have been off point on this all the way haven't they. I thought we'd of been at 20p after the stockholme delist. Feels like a lot will be chasing this onto new highs. FCF will be moving the SP on it's own soon enough, that's before anything else is sold to truncate that timetable.

Any info regarding this? Got some serious volume going back in April. Are the company holding back info until the update at the end of the month?

Oil prices fully reversed. Hope ML took advantage of the dip.

Agree. They were paying 16.68 on Monday. Hopefully they get another 4-500k today at least.

It would make sense to do something more than they are doing now, RNS'ing to say they've bought a couple of hundred k shares is just a waste of money and has apparently had the opposite effect on the SP, I appreciate oil is lower as well but that will swing round soon enough. I honestly thought they were going to go for it with the buyback.

Any more details on the Golden Eagle sale?

One thing is for sure, following today's RNS we know that this cash cow is back on its feet. Over 5.6m traded today and all of it over 50p. That should flush out those buying in the 40's.

Great find Alex, And the CEO was is Japan a couple of weeks back so the dots are all lining up.

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Hi Clued. Already covered in my previous posts.

That's an amazing read. Even I wasn't expecting 2m tonnes for the quarter. That's a pro rata of something like 150p a share in old money. Keep that up and there will be enough cash to throw at any problem and get the divis going again. If the Ukrainian Gov and oligarchs want FXPO they could have had it last week for the sale price of £270m! :D

FXPO have beaten all the analyst forecasts and expectations - again.

Yep it is. Massive profits just dwindled away. But the fact remains the stock is cheap. Will be c80m knocked off the debt again this quarter, maybe more, and the sale of Golden Eagle could truncate the debt to be cleared by year end. Annual FCF in excess of today's market and we see an SQZ 2015 type rise.

Would be good to get an RNS with details of GE. Market should respond well to that.

Buy back likely to start next week. I'm sure they'll want to get started while the SP has dropped off the high a bit. This will turn around soon, but yes should of traded a few. Look at the historical chart, only takes a few sessions to get back into the 20's with the current number of shares in issue. I didn't want to be out of this at 17p plus, Def don't want to be out down here.

Yep things are looking up. The company was said to be resilient in 2022 and 2023, they are still at it turning every obstacle around. Todays RNS was a long read, the key bit was getting that 3rd pelletiser going. They have 4 and were only using one fully in 2023, and a second one as they could meet export demands once storage was full. Getting the 3rd one going means 1 and 2 are running at full capacity. With the safe corridor in the Black Sea in operation and that extra pelletiser running growth to the bottom line will now be significant for Q1 and even more so in Q2 vs 2023. It's fortunate they have a steadfast and loyal customer base.

Https://www.sgx.com/derivatives/products/iron-ore

Market makers create the market, need stock to facilitate that process.

Hasn't been that busy today. Looks like MM's are trying to accumulate. Clear 18p and there is a nice gap up to 21. As stated on here buy-back equates to around 2.5-3 million shares per week to hit the £15m by roughly year end. Be nice if the company RNS's the sale proposition but will obv have their reasons. Stock remains mind-bogglingly cheap. Only 9 sessions left this month and the buy-backs are due to start on one of them.