Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BlackRock looking to be part of the rebuild aswell and have positioned accordingly. Institutions are risk adverse so they have seen an opportunity through their due diligence. Long term EU customer base still loyal. This will have a run into the next production update. Confident they will find a non Ukrainian seaport aswell - that will be key.
UK Defense Ministry: Russia increasingly losing initiative in war against Ukraine.
Since the start of May, Russia has increasingly ceded the initiative in its war against Ukraine, reacting to Kyiv's actions rather than actively advancing towards its own military goals, reported the U.K. Defense Ministry.
Germay just kicked the Russians out of the consulates in Germany aswell. Russians are also blowing up roads to keep the Ukranians back. Russia are getting snookered while threatening every country on the planet. That is going to be one cold isolated place soon.
This will turn soon.
Cleverthoughts, Putin has his hands very full. I don't think his campaign will be helped by targeting the assets of neutral Switzerland causing them to be.... un-neutral.. He's probably hiding all his stolen money there for a start. The biggest disruptors are to do with power and sea ports. Power is online (Ukraine is even selling energy again), and the use of a non-Ukranian port/s is in progress.
The company is in a much better state now then when it was trading at 170p 3 or so months ago. Production is set for around 200% up on Q1 and if another pellitiser comes back online then the multiples are obvious. Non Ukrainian sea port is key, that update alone will double this and I think that's already progressed well.
After the initial ruling I thought FXPO would lose this for sure, but you know what - the Swiss are great at dotting 'i's' and crossing 'T's so did we really need to worry? A few days ago with get a massive production update with the 2nd pellitiser coming back online and now we have confirmation that the 40% stake in FPM is safe. This is great news. Those who just got in on the lows will be happy :))
For balance, the country is at war, FXPO's facilities are not in an active warzone. The war is in the far east. They are still sitting on a very healthy cash balance and own a lot of the transports used to move the pellets around. Due to power shortages they were operating with only 1 pelletiser until around mid Feb Q1 (SP was around 145p then). Production more than doubled in the last 6 weeks of Q1. The gives a notable rise for Q2, and now the country is exporting surplus power again who's to say they don't get their 3rd and 4th pellitiser up and running. They have enough onsite storage to cater for their client base, export is slower but demand is there big time. Did a billion in profit 21/22. Last time it dipped under a £ it rallied to £1.70. Lots sitting on the side. Next update will be c200% on Q1 all things being as they are now. If pellitiser 3 and or 4 get back online then we see a material move. To me this is cheap at 115p.
Either way the company is sitting on a ton of cash, has diversified into Australia, is still making significant profits and is likely to continue to be dividend heavy. Bit like GKP, a lot have had their initial investments repaid.
Despite countries committments to carbon reduction, they are stock piling coal and using it where necessary to keep things moving, and to secure energy production. If this wasn't an African miner it'd be trading a lot higher. That said they do seem to be behaving themselves which is refreshing and continued good practice will be reflected at some point.
Big guns were piling in her in 'the buy zone' at £12. That was before the acquisition but they were keen.
So if you hold or buy today, you get the dividend tomorrow.
https://www.thungela.com/investors/sens-regulatory-announcements
Yep someone got a deal. An absolute ton traded in the 117-120p range this week. Dropped off at the end, I suspect the MM's went fishing, £100k buy supports that theory. Probably loading up for Monday. Easy ride to 150p once 120p is broken, I thought it was gonna go this week, knocked on the door countless times.
Shares were never going to be transferred anyway as confirmed by FXPO so while not ideal is kind of mute. Production increasing by 100% in the last 5 weeks of the last quarter is positive and quantifies a sensible rise as this is a mega iron ore pellet producer. Think most expected production to have gone down further, not doubled hence the increase in volume and SP today.