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The Case For Fortress Minerals
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7ocean
Master |
22-Apr-2021 11:28
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Hiden Gems...
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Kandee
Senior |
22-Apr-2021 10:09
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Slowly breaking out.... 43.5 cents ....
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rtan32
Member |
22-Apr-2021 03:29
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300% grow in net profit US 18.3 mil vs US 6.5 mil Revenue US 47.7 mil up 84.9%. Profit margin 76.2% Eps US 3.65cents vs US 1.31 cents. Dividend 1 cents. | ||||
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Fr@ncis85
Member |
20-Apr-2021 23:31
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https://www.bloomberg.com/news/articles/2021-04-20/iron-ore-giants-challenged-in-race-to-meet-soaring-china-demand
The world&rsquo s top two iron ore miners struggled to keep up with strong Chinese demand in the first quarter of 2021, hit by operational challenges and weather disruptions, in a positive sign for prices that are already at decade highs. Brazil&rsquo s Vale SA churned out less ore than expected last quarter after lower productivity at one mine and a ship loader fire, with its recovery from an early-2019 tailings dam disaster proving a little slower than expected. Rio Tinto Group&rsquo s shipments were disrupted by wetter-than-average weather at its Pilbara operations in Western Australia. Benchmark iron ore surged Monday over $180 a ton -- the highest since May 2011 -- following news that China&rsquo s crude steel production jumped 19% last month from a year earlier to near a record. The nation&rsquo s output of the alloy is booming at the same time as a pollution crackdown has lifted prices and benefited profit margins at mills. &ldquo With the market relatively tight at the moment, it will certainly see any failure to meet current guidelines as relatively positive for the price,&rdquo said Daniel Hynes, senior commodities strategist at ANZ Banking Group Ltd. Vale and Rio both maintained their forecasts for full-year production, though a slower-than-expected recovery at Vale could see the market reset its expectations, he said. Rio cautioned that its guidance for annual output of up to 340 million tons was subject to logistical risks associated with bringing 90 million tons of replacement mine capacity on stream. It also said that Tropical Cyclone Seroja had impacted its Pilbara mine and port operations in April. Iron ore futures in Singapore rose as much as 3.7% to $182.80 a ton before trading at $182.75 by 2:48 p.m. local time. Prices in Dalian gained as much as 4.7%, while hot-rolled coil and rebar both rose in Shanghai. Rio Tinto&rsquo s shares settled 0.5% lower in Sydney. Steel prices in China finished the quarter at decade highs as construction activity and demand in the first quarter exceeded both 2020 and 2019, Rio said. Strong demand and margins -- at their highest since 2018 -- have lifted demand for higher quality iron ore products and the nation&rsquo s renewed focus on reducing steelmaking emissions will likely restrain exports in 2021, supporting margins globally, the company said. The short-term outlook for iron ore prices remained strong, ANZ&rsquo s Hynes said, with Chinese steel mills content to accept current high prices for their main feedstock while their margins were so strong. However, he added the cost of ore was now well above fair value, with the risk of a pullback later in the year if Beijing&rsquo s plans to curb steel production to control greenhouse gas emissions start to impact on demand. |
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MBULLISH
Elite |
20-Apr-2021 19:36
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Commodity bull run tin and iron and copper Hot stocks that could double in price southernAlliance FortressMinerals Malaysian Smelting Corporation (MSC) TWO iron ore plays on the Singapore Exchange, both Malaysian-based, have been quite the rage as steel mills make good money and inventories shrink on higher demand. As prices of the sought-after reddish metal trended higher, so have the shares of those that mine and sell it. Catalist-listed Fortress Minerals, for instance, enjoyed record sales volume in the nine months to November last year (the company has a February year-end). Its net profit for Q3 FY2021 was nearly double that for FY2020, and the counter has gained 25 per cent this year to close at 37.5 Singapore cents on April 6. The shares of its sector peer Southern Alliance Mining (SAM), which has a mine in Johor, Malaysia and is also listed on Catalist, have surged 61.1 per cent to 58 Singapore cents over the same period. Despite lower sales volume across all products in the first half of FY2021, SAM' s revenue improved by nearly 8 per cent to RM152 million (S$50 million), thanks to an increase in the average realised selling price of iron ore concentrate. Net profit over the period jumped 47 per cent year on year to RM51 million. |
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rtan32
Member |
20-Apr-2021 17:14
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Good closing 0.42 with volume 4004. After result release should be around SAM price. Result should be release on this week. | ||||
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rtan32
Member |
20-Apr-2021 16:29
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Two iron ore company today start to move with high volume. | ||||
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MBULLISH
Elite |
20-Apr-2021 09:55
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Coming soon like southern alliance Malaysia bb is the best |
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Fr@ncis85
Member |
20-Apr-2021 08:28
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When will be the financial report? 
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rtan32
Member |
19-Apr-2021 17:14
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Good closing, the show may be start tomorrow. | ||||
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MBULLISH
Elite |
17-Apr-2021 18:50
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Same as tin commodity bull run iron copper nickel tin all record revenue and profits
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rtan32
Member |
17-Apr-2021 18:46
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Two major share holders control 83% of company share. Just wait for financial report,.should be very good because iron ore on the record price. | ||||
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MBULLISH
Elite |
17-Apr-2021 18:38
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Should include this in portfolio for long term same as southern alliance commodity bull run good stock with good growth and profits |
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Kandee
Senior |
17-Apr-2021 12:09
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Dropped to 37 cents... | ||||
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Kandee
Senior |
13-Apr-2021 19:50
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Hit a high of 39.5cents today. Need to break out 40cents..... | ||||
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rtan32
Member |
11-Apr-2021 16:11
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Last year full year financial report on 22/4, so should be some show start next week. Half year result PhilipCapital give target price 0.28. 9 month financial report, they increase the target to 0.49. Full year financial result out on this month should be very good. | ||||
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Kandee
Senior |
11-Apr-2021 01:17
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If there are no surprises, expecting a higher increase of earnings for the 1/2half FY 2021.... | ||||
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ozone2002
Supreme |
10-Apr-2021 22:26
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Last:0.385  +0.015great biz returns no wonder non stop price rally grest commodity play gd luck dyodd |
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Kandee
Senior |
02-Apr-2021 12:23
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Iron ore prices have increased by more than 50% since their 1/2 half earnings report. If the same volume of iron ore was produced during the second half, their margins will be higher, assuming no other production cost incurred. The acquisition of Megapur mines is an investment and its potential is yet to be seen. Although it is an existing mine, as with any acquisition, there will be some initial teething problems. Long term, a lot of countries are embarking on infrastructure development after the pandemic. China started this and Joe Biden is proposing a USD 2.3 trillion infrastructure budget. This will increase the demand for metals. A drawback on iron ore price could be when Brazil starts producing iron ore in full force after they have overcome the pandemic there. It will increase global supply and could put pressure on iron ore prices. However, I think demand will be there due to the global infrastructure expansion. |
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trader1970
Elite |
31-Mar-2021 15:28
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Time is ripe for breaking new high.. :) | ||||
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