Member Info for Slim_Shady

If you find any information in motley fool that we don’t already know I would be shocked and most of it is recycled garbage or uncertain statements which scare of newbies.

With RR only information i trust and follow is their own investor relations updates.

You are right nice to have a calm board just have to filter them out if they come back with their nonsense

Nice feeling to be back at a £1 come on derampers where are you now with predictions of seeing 70p before a £1 again.

Yes nice progress good the SP is pushing up consistently. If this is close to 500 before results then should hopefully have enough of a catalyst from results and dividend to break decisively and hold above 500 this time.

Be interesting to see if there is any surprises with Vale in particular as they are the most comparable of big miners to Fxpo.

Thanks Lucky appreciate the insight this would be a speculative investment but the high Fe iron pellets is a big plus. Will see how much it drops and how technicals play out and then consider opening a position.

There is an offtake agreement in the works with Cargill and they did recently do a share placing at 0.4.

https://www.e-mj.com/breaking-news/cargill-signs-offtake-agreement-with-black-iron/

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/black-iron-announces-closing-11-132500256.html

I am not one to usually post about another share on this board but as Petra was mentioned and we are waiting for Fxpo results I would be interested in you guys thoughts on Black Iron? - It is also based in Ukraine and their aim is to produce 68% Fe iron ore once the mine is up and running.

https://blackiron.com/wp-content/uploads/2021/06/202106_BKI_CorpPres-website.pdf

https://www.mining-journal.com/bulks/news/1402867/black-iron-gearing-up-for-‘pivotal-year’

Lucky I do agree Fxpo fundamentals are so strong movements upwards in iron ore price is the cherry on top but always nice to get an unexpected 5-10% extra.

Agree but is strange SP has gone up when iron ore has gone down and vice versa last week.

Only explanation is that now we are so close to results across all miners the worst kept secret they are doing spectacularly well in 2021 will be out in the market finally and the SP has to reflect that.

What is there to talk about on RR until the results at the start of August. I find the fact based COVID info useful (agree general speculation is not needed) as any rises and falls in SP are based on airlines sentiment driven by COVID for the moment.

Post the results and any other sale news (e.g. ITP Aero) this can hopefully rebase back to being more about RR business specifically.

And my favourite :)
31. Updates on RR motor cars

There wasn’t a short squeeze on RR although it was odd that the whole market went up so much on no huge positive news which does indicate some sort of manipulation.

If you are looking for a short squeeze there is potentially the makings of one on Cineworld as it is the 2nd most shorted stock in the Uk and the shareholders are desperate for it to happen like it did for AMC and which could still squeeze again.

Nothing has really changed in the last few days to push shares up so much yesterday and again bringing it down today.

If you are in RR as a LTH it shouldn’t worry you my concern though is a lot of ppl jumping in and out trying to be day traders so it will require a huge positive catalyst for this to break 113 again soon without the inevitable sell off.

No reason for the turn the ECB news was pretty neutral
https://www.reuters.com/business/ecb-set-promise-even-longer-support-charge-inflation-2021-07-21/

The rise yesterday did feel v big based on little news and also people seem scared off to sell on any inflation / interest rate article.

Not to mention fact that there is a shortage on 65% Fe pellets or better that China etc are seeking due to cleaner production emphasis.

The Australian companies can’t really produce much iron ore beyond 62% Fe so main threat to Fxpo demand is Vale who can produce the 65% Fe but can’t seem to get their act together at any speed so seems a clear run now until at least end of 2021!

Think you are in the wrong share with that price target for 3 weeks time you must be confusing it with AMC

I would not take any notice of motley fool they are paid up by HFs to push whatever narrative they are keen to put out in market. That and fact you get conflicting articles every other week.

Good to hear I hope this finishes above 95.74 which was the close price on Jul 12th the last time RR was in this region

Red_inky I thought you sold off yesterday?

SP is still so low based on current iron ore prices I mean it could be trading consistently $50 lower and still be undervalued.

I already have a sizeable holding but if it stays around this price up till day before results then can make a big gain on results day / day after with a quick swing trade on top. Seems market continuously only wakes up to Fxpo great performance when results come out which has been the case last couple of HY / FY results.

Yes big change - SSP taken a bigger impact than most but decent recovery today in line with recovery stocks. This share has been a bit of a basket case since RI both up and down which is surprising as not a heavily shorted stock.