Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
2 years lol what cloud did that number come from they not. Going to go from 50 million profits to a lost and unable to pay debts interest in 2 years on high margins on cheap items with well know brand , The internet will struggle against Card as they are low end cost prices. Even with rent x 1000 v postal x 100 of millions , all shops might be gone eventually but 2 years is impossible unless some unknown factor comes into play.
half of it seems some what rigged against the normal joe blogs. Pc ,s run the market half the times pc v pc v human . I could do a big sell or buy and it never shows on buys or sells due to it being broken up in smaller chunks by broker i suspect.
Never seen any of mine that I could say Are mine on buys or sells list and there are all so either a lot of hidden offers/sells that we don,t see on level 2 or it is those darn super pc,s that are super fast .When ever I do a buy or sell magically a better buy or sell appears with in mini seconds . My 5 p worth Karv the expert novice. It is all a learning curve .
Net debt 56 million before the 100 debt bond if it is counted as part of the net debt was taken away and the 300 million from Bovis if paid and if it was with no tax. best case 344 million cash and worst-case unknown.
Any news on that 100 million claims they were trying for a while back from those losses. the monthly debt was around 200 to 250million I think but the overall net debt was -56 million if I read correctly, either way, I'm in with some at 136 let hope tomorrow is a good day.
in 2017 with 3.5 billion in net debt 89000 bopd with average low oil prices sp 150 to 220
in 2020 estimate 80000 bopd net debt 2.8 billion sp currently 49 with higher average oil prices.
is this all or am I missing something?
which site has the best-updated prices for the 65% prices
pellets and fines, fxpo results use fines as a guide.
I try to look up seaborne 65% fines as 65 normally tracks above 62 they both normally go up and down together so I look at the 62 as well as a guide.
I look at https://markets.businessinsider.com/commodities/iron-ore-price
and http://www.custeel.com/en/csi.jsp
what sites do others use?
are these any good?
We are currently over 90 dollars per ton for iron ore 65% with a company value of 967 million dollars
The average for 6 months in 2018 was 88.1 dollars for 65% and they still made 152 million dollars after tax and if you times it by 2 for the whole year you would be around 300 million dollars at the 88 dollars per ton price after-tax.
So far on the current 6 months unless we crash between now and end of the year we going to be near 95 to 100 dollars per ton on average with profits around 200 million dollars at a guess after tax.
Even in the past with the 62% ore which they don,t get much of nowadays with an average price of 56 dollars they still made 150 million in a year before tax while having a lot of debt.
If they can cut the debt down even more and maybe get rid of the debt over the next few years and build up the cash pile it will protect the share price.
I believe this company is a great money-making machine.
easy come 5% easy go 5% I suppose tho we still up 1 % from yesterday . I broken even on my existing profits yesterday and today a lot of it is gone again .
Hoping iron ore 65% stays above 90 dollars .
whatI’m curious about is the 114 million dollars reinvested in the first half what was that actually used for as a 114 million dollars in Ukraine is probably the same as spending 500 million here which is a fortune .
Net debt has gone from 2016 868m to 589m to 403m to 339m to 282million and is most likely to drop further by end of the year.
Many people are in a company that pays between 2-4% dividends and are happy and for that, we would need 15 to 30 million pounds or 19 to 39 million dollars profit.
FXPO made 180 million pounds or 270 million dollars in the first 6 months while reducing debt by 50 million to 282 net debt.
In 2016 ore prices were a lot lower than current prices so why would we go below 80p. unless you believe it's going to get nationalized but then you would not say 80p either. The company to me looks very healthy if iron ore goes back down to 30/40 dollars we are in a far better place to handle it compared to many iron ore companies with lowish debt.
If I have added up correctly unsure if my source is accurate but the average iron ore 65% so far since 2019/06/30 is 103+ dollars average for the first half was 101 dollars with great results tho second half was going to have higher costs, but I believe the profits will being fairly good unless iron ore prices crash.
least iron prices have been going up over the last 5 working days, I read somewhere China broke a record on port iron import in September where people were expecting a slowdown and prices are stabilizing which should be good for profits.
I think I am going to give this stock 2 years with a target of 200+ even tho prices can drop 50% or raise that amount in 1 month.
My biggest problem is I don,t hold long enough. With a possible, 15% dividend covered by 2x possible even 3x times with after-tax profits and with fairly low debt for a mining company. I'm hoping this going to be a good decision.
As long as it is not nationalized.
What do people think the odds are of this going back to 150 200 250+ within short to medium term or 100 75 0.
To me, this does seem like a double or nothing gamble I feel the double is far more likely maybe that's just me being too positive.