Jump to content


Photo
- - - - -

Kumba Iron Ore


  • Please log in to reply
7 replies to this topic

#1 nosh

nosh

    Little Master

  • Senior Member
  • PipPipPipPip
  • 674 posts

Posted 05 September 2019 - 10:13 AM

Hi

Any thoughts on Kumba in the short term?

Am thinking of selling some to free some cash

 

Thanks in advance


  • 0

#2 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,307 posts

Posted 26 March 2019 - 08:10 PM

Must be why kio was pumping today
  • 0

#3 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,307 posts

Posted 26 March 2019 - 08:09 PM

Talking re vale
  • 0

#4 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,307 posts

Posted 26 March 2019 - 08:09 PM

Dont think in reality after disaster like that they can possibly be 'full steam' ahead..big health and safety issues..and will be massive cases against them re deaths
  • 0

#5 JK001

JK001

    Advanced Member

  • Members
  • PipPipPip
  • 330 posts

Posted 26 March 2019 - 07:36 PM

I traded kio long recently..but i thought i read on news vale is opening soon, read that on last week , cant remember where i read but quite sure..so would image there will be better steel supply...quite keen trade it again but didnt get in on time today.

good point Midas. thank you.

Short lived (see links below).  still awaiting approvals and another mine closed down.  And on top of it the mine that Vale got the go ahead for only produce 8% of capacity.  In the mean time local authorities forced Vale to close another 13 or so dams.  First link confirms your statement. Second link confirms further delays.

taking your comments in consideration then a stop gap of 5% on the downside or so should be ok?  reason why I put stop gap so high is cause share is quite volatile.

 

https://www.ft.com/c...c9-6917dce3dc62

http://www.mining.co...estart-delayed/


  • 0

#6 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,307 posts

Posted 26 March 2019 - 07:22 PM

I traded kio long recently..but i thought i read on news vale is opening soon, read that on last week , cant remember where i read but quite sure..so would image there will be better steel supply...quite keen trade it again but didnt get in on time today.
  • 0

#7 JK001

JK001

    Advanced Member

  • Members
  • PipPipPip
  • 330 posts

Posted 26 March 2019 - 07:05 PM

Ive invested quite abit into KIO.Share price was R415 less than a year ago and now sitting at R280. What are your thoughts on this share?

 

Anglo shaped up their house nicely from an operational efficiency perspective and this share is close to your original price at R 405.  A bit in the overbought RSI category, but still trending upwards with a very nice dividend. The demand for higher quality steel is exceeding supply because of the Vale (Brazil) disaster and would remain so for some time to come online again in full capacity.  China steel mills are not allowed to use lower quality steel because of pollution laws.  It broke through the resistance of about R 400, if it can keep that now as a support it could go higher with next resistance at about R 450. 

 

disclaimer - not a Guru - This is just an observation - your money, your homework and your decision. happy to observe other opinions.


Edited by JK001, 26 March 2019 - 07:06 PM.

  • 0

#8 woolhoff

woolhoff

    Member

  • Members
  • PipPip
  • 126 posts

Posted 11 September 2018 - 09:09 AM

Ive invested quite abit into KIO.Share price was R415 less than a year ago and now sitting at R280. What are your thoughts on this share?
  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting