Ok Tommy, you make good points ...in hindsight of course, and also if your reasoning is correct. So why didn't you put this reasoning across in March? We must all have known that commodity prices can't continue up endlessly. Surely copper will be next then when you consider the exponential rise of EV's especially in China. Again, commodities are cyclical. Good debate to have and thanks for your input which keeps the odd brain cell exercised. Anyway, one point I was trying to make is...will AYM be any nearer to production and/or selling it's assets during this 'dip' ? Have a great week
Below was one reply.... and certainly not having a go at you Tommy but it just highlights how violently things change.....especially these days!! What will BOD and Jo be working on now ?
RE: Parys....17 Mar '21
Iron ore won't be dropping back to $100tn this year or next year. The price of 62% ore is holding up very well and the naysayers have all been proved wrong as you will be. BOD is moving in the background - you wait and see if something doesn't move this month
Parys....16 Mar 2021 23:39
...won't be giving up it's minerals any time soon and the bod's have been dragging a decent living all these years. Also, LIM have literally missed the boat with its iron ore. China are expected to steady their steel production this year... cos of pollution worries would you believe ! Well, many other reasons as well of course. There's gonna be plenty of ore available from Brazil and Australia and prices expected to fall to c100/t this year....all reasons that are unfavourable for a LIM start up. Most of the reasons for this disappointing (Haha) sp aren't due entirely to the bod cos it's all market price dependant
Well housebuilder, the sp carries on up after the dividend. What did you decide to do pre dividend? Hopefully it was the right one for you. So far, I made the best one for me and collected the divi. Have you bought in yet.?
Very frustrating here. No sustainable progress at all. I still believe it's a good long term bet.... but it's gonna be over a couple of years. Patience will prevail. LOL. Well, all that sounded positive didn't it but still p!$$£d off. Have fun folks
Anyway, whilst always interesting to hear Tommymech's point of view of the way this industry works...this RNS is just as has been mentioned ie,...nothing new. We all know how the planet must be protected and what needs to happen. BTW, the jury is still out on what and how the best way forward is. Complicated enough without the problem how some countries couldn't care less.
This RNS just seems like a generic report again. Sorry, I'm impatient but past decades of progress give me reason. Of course, fantastic news 'could ' be imminent and my frame of mind will instantly change. C'est la vie
Ref the footlocker news....the market doesn't appear to see the CMA opinion as bad news......today at least. Obviously, reading the JD RNS ... JD are still all for the T/O despite the mention of increasing DTC by Nike, etc. The consumer will decide via the price and website they can buy the shoes at cheapest...don't you think?
BTW, the company's future sp and the history of share splits is and was the attraction for me. If COVID hadn't happened then the sp could have been 20% higher.....maybe, LOL. C'est la vie
House...if anyone knows the answer to your question then they have a working crystal ball and will be able to win the next lottery ..LOL. Can't see it dropping to £30.....maybe £34 but nobody knows until tomorrow. Good luck to everyone is the only positive I can give. Have fun
Housebuilder... I waited to buy in until the last ex div date had passed and thought I'd bought well. In hindsight, of course, it was a mistake because this sp is still climbing and I missed the last dividend. Happy to hold now and collect the next big one. It's all a gamble of course. Good luck to everyone here.