FortressMinerals    Last:0.245   -

Close eyes and buy for long term

 

 

Not holding much on local stocks. Parking more at US stocks and China A stocks. 

Only left holding on to Straits Trading, SIA and SATS and thank god all of them are in green territory! 

Thanks for the recommendation. Will have a look at it.

Volmax      ( Date: 12-Dec-2022 18:15) Posted: I' m holding Banyan Tree - The Next Super Growth Stock! You can research if it is worth your bet. Cheers! Zerocool888      ( Date: 12-Dec-2022 18:04) Posted: Well. let us all hope that will happen. Now I need to see which counter I can earn more money and pour more on to here.

 

I' m holding Banyan Tree - The Next Super Growth Stock!

You can research if it is worth your bet.

Cheers!

Zerocool888      ( Date: 12-Dec-2022 18:04) Posted: Well. let us all hope that will happen. Now I need to see which counter I can earn more money and pour more on to here.  Volmax      ( Date: 12-Dec-2022 11:18) Posted: 1H FY23 earnings is 1.81 US cents, with the projected volume to likely more than double year on year, less substantial capex, 89 cents is very achiveable given the strong recovery in the macro-environment. China re-opening is the most important factor in the rebound of iron ores price, no doubt it will take several quarters and numerous waves of covid re-infection, but China need to open somehow and open now is better than later. Can expect Peom Analyst to re-rate this counter soon, given the much improved outlook and obviouly a counter with freqeunt dividend payout will encourage stakeholder to hold stock while waiting for share price to appreciate. Btw, I will add more if current price retrace to my target price.

 

Well. let us all hope that will happen.

Now I need to see which counter I can earn more money and pour more on to here. 

Volmax      ( Date: 12-Dec-2022 11:18) Posted: 1H FY23 earnings is 1.81 US cents, with the projected volume to likely more than double year on year, less substantial capex, 89 cents is very achiveable given the strong recovery in the macro-environment. China re-opening is the most important factor in the rebound of iron ores price, no doubt it will take several quarters and numerous waves of covid re-infection, but China need to open somehow and open now is better than later. Can expect Peom Analyst to re-rate this counter soon, given the much improved outlook and obviouly a counter with freqeunt dividend payout will encourage stakeholder to hold stock while waiting for share price to appreciate. Btw, I will add more if current price retrace to my target price. Zerocool888      ( Date: 12-Dec-2022 10:04) Posted: I do not mind another round of dividend! My fund manager told me it is wishful thinking it will hit 89c again during this economic downturn although minerals are on the rise. I sold most of it when it hit 82c and slowly bought back when it went down to 45c and increase volume when it went down further to average down my price. China will face another wave of infections as it reopens which some predict it will slow down temporary but it will only pick up once the infections decrease which will be second half of 2023. You must remember, China refuse to buy or accept Western vaccines and their vaccines are not as effective as Moderna or Phizer. Plus they have not really plan on how to live with COVID (which most countries have done so), so it will take sometime for them to adjust and adapt.  Anyway if can reach 80c, I think I will let go all. No regrets if it goes higher as that is my current TP unless there is a drastic change on mineral demand. DYODD!

 

1H FY23 earnings is 1.81 US cents, with the projected volume to likely more than double year on year, less substantial capex, 89 cents is very achiveable given the strong recovery in the macro-environment.

China re-opening is the most important factor in the rebound of iron ores price, no doubt it will take several quarters and numerous waves of covid re-infection, but China need to open somehow and open now is better than later.

Can expect Peom Analyst to re-rate this counter soon, given the much improved outlook and obviouly a counter with freqeunt dividend payout will encourage stakeholder to hold stock while waiting for share price to appreciate.

Btw, I will add more if current price retrace to my target price.

Zerocool888      ( Date: 12-Dec-2022 10:04) Posted: I do not mind another round of dividend! My fund manager told me it is wishful thinking it will hit 89c again during this economic downturn although minerals are on the rise. I sold most of it when it hit 82c and slowly bought back when it went down to 45c and increase volume when it went down further to average down my price. China will face another wave of infections as it reopens which some predict it will slow down temporary but it will only pick up once the infections decrease which will be second half of 2023. You must remember, China refuse to buy or accept Western vaccines and their vaccines are not as effective as Moderna or Phizer. Plus they have not really plan on how to live with COVID (which most countries have done so), so it will take sometime for them to adjust and adapt.  Anyway if can reach 80c, I think I will let go all. No regrets if it goes higher as that is my current TP unless there is a drastic change on mineral demand. DYODD!  Volmax      ( Date: 11-Dec-2022 17:28) Posted: Production volume for FY23 likely to be more than double, coupled with the strong uptrend reversal of the iron ore price (US$111.50 now and towards US$160) and strong demand from China Re-opening. Full year EPS may be US 4 cents, as Minimum Capex with the completed aquisition of Mengapur and commencement of production of CASB. Last May hit a high of 89c Coming Dividend???

 

I do not mind another round of dividend!

My fund manager told me it is wishful thinking it will hit 89c again during this economic downturn although minerals are on the rise. I sold most of it when it hit 82c and slowly bought back when it went down to 45c and increase volume when it went down further to average down my price.

China will face another wave of infections as it reopens which some predict it will slow down temporary but it will only pick up once the infections decrease which will be second half of 2023. You must remember, China refuse to buy or accept Western vaccines and their vaccines are not as effective as Moderna or Phizer. Plus they have not really plan on how to live with COVID (which most countries have done so), so it will take sometime for them to adjust and adapt. 

Anyway if can reach 80c, I think I will let go all. No regrets if it goes higher as that is my current TP unless there is a drastic change on mineral demand.

DYODD! 

Volmax      ( Date: 11-Dec-2022 17:28) Posted: Production volume for FY23 likely to be more than double, coupled with the strong uptrend reversal of the iron ore price (US$111.50 now and towards US$160) and strong demand from China Re-opening. Full year EPS may be US 4 cents, as Minimum Capex with the completed aquisition of Mengapur and commencement of production of CASB. Last May hit a high of 89c Coming Dividend???   Zerocool888      ( Date: 11-Dec-2022 16:56) Posted: Traders still need to play cautiously as it is still after all penny stock.  Their next announcement in Feb 2023 should be in positive note. I am holding 80,000 shares at average of 38c. This is my own personal prediction and I believe it will hit a high of 80c around 2nd QTR before hovering back down at around 65c if their production keeps up with its demand. Please do your own DD before you invest on any stocks.

 

Production volume for FY23 likely to be more than double, coupled with the strong uptrend reversal of the iron ore price (US$111.50 now and towards US$160) and strong demand from China Re-opening.

Full year EPS may be US 4 cents, as Minimum Capex with the completed aquisition of Mengapur and commencement of production of CASB.

Last May hit a high of 89c

Coming Dividend???
 

Zerocool888      ( Date: 11-Dec-2022 16:56) Posted: Traders still need to play cautiously as it is still after all penny stock.  Their next announcement in Feb 2023 should be in positive note. I am holding 80,000 shares at average of 38c. This is my own personal prediction and I believe it will hit a high of 80c around 2nd QTR before hovering back down at around 65c if their production keeps up with its demand. Please do your own DD before you invest on any stocks.

 

Traders still need to play cautiously as it is still after all penny stock. 

Their next announcement in Feb 2023 should be in positive note.

I am holding 80,000 shares at average of 38c.

This is my own personal prediction and I believe it will hit a high of 80c around 2nd QTR before hovering back down at around 65c if their production keeps up with its demand.

Please do your own DD before you invest on any stocks. 

 

Iron Ores Resume Uptrend To Close Recent High of USD110, Up 2.33%.

With the commencement of the Cermat Aman Mine, we can expect production volume and revenue to more than double, year on year.

Increase In Demand & Uptrend In Pricing Just Like Icing On The Cake, Yum Yum.

 

Price of iron ores continue its uptrend and hit US$109.50, up 2.82%

With the World Largest Steel Exporter re-starting its engine, couple with strong rebound in internal demand, we can expect raw iron ores price to hit recent high of US$160 within the next 3 months.

DYODD As Always!

 

Drop from 89 cents last May to recent low of 29 cents with a few lots done.

Sellers drying up and share price will shoot up, in tandem with the recovery of iron ores price and significant increase in demand and iron ores production.

 

https://tradingeconomics.com/commodity/iron-ore
 

Prices for iron ore cargoes with a 63.5% iron ore content for delivery into Tianjin rose to $105 in December, the highest since mid-September amid easing Covid curbs and measures to stimulate the economy in top consumer China. Key Chinese cities announced looser lockdown rules after protests, raising hopes that other industrial hubs would follow. Also, the country&rsquo s largest commercial banks agreed to extend $162 billion in fresh credit lines to private developers to fight the sector&rsquo s liquidity crunch, and the PBoC further cut banks' reserve requirement ratio. Earlier, the national bond authority expanded a key financing program by $35 billion to support the sales of bonds after a period of defaults increased the cost of credit for residence builders. Concerns with the debt-ridden property sector remain, as iron ore prices are 34% below their 2022 peak hit in March while property sales continue to plummet. Steady supply from Ukraine also contributed to the fall in prices.

 


 

 

 

 

Fortress Minerals posts 41.8% fall in net profit after tax

Fortress Minerals posted a 41.8 per cent decline in net profit after tax to US$4.2 million for its first quarter ended May 31, 2022, from US$7.2 million a year earlier.

Revenue for the quarter declined 15.5 per cent to US$14.6 million, down from US$17.3 million the year before.

The iron ore concentrate producer attributed the decline in revenue to the weakening of the average benchmark IODEX CFR North China of Platts Daily Iron Ore Assessments price index. Average realised selling price during the quarter fell to US$119.80 per dry metric tonne (DMT), compared to US$143 per DMT the year before.

It also noted that average unit cost of sales increased 25.6 per cent to US$32.08 per wet metric tonne (WMT) due to higher diesel prices. The group said that it uses its in-house fleet of trucks to partially offset higher transport costs and will continue to take a ' disciplined approach' to cost controls to mitigate the impact.

The group also announced that it had commenced production at its recently acquired Cermat Aman Sdn Bhd (CASB) mine on Jul 1 after testing and commissioning of operations at the mine were completed in May this year.

It added that the initial mining will take place in the oxide ore zone and focus on producing high grade iron ore.

 

Sales volume up, but EBITA decreased on lower iron ore price. 
Hope the worst is behind, and the CASB production contributes to a better year ahead... 

spursfan      ( Date: 06-Jul-2022 17:58) Posted: Fortress Minerals reports 1Q FY2023 results EBITDA decreased by 33.2% to US$6.9 million ⚫ Revenue decreased by 15.5% to US$14.6 million year-on-year (?yoy?), mainly due to weaker average benchmark prices compared to 1Q FY2022. ⚫ Gross profit margin remained resilient at 70.6% but was impacted by higher average unit cost of sales due to higher inflation of production costs. ⚫ Net cash flow generated from operating activities was US$5.9 million during the period, backed by strong EBITDA margins of 47.3%. ⚫ Next phase of strategic growth is underway with the commencement of production at the Cermat Aman Sdn. Bhd. (?CASB?) mine on 1 July 2022 ready for positive contribution in FY2023. https://links.sgx.com/1.0.0/corporate-announcements/ESL3UYTYZFWOA53V/722964_FML%20-%20Press%20Release_1QFY2023.pdf

 

Fortress Minerals reports 1Q FY2023 results
EBITDA decreased by 33.2% to US$6.9 million

⚫ Revenue decreased by 15.5% to US$14.6 million year-on-year (?yoy?), mainly due to weaker
average benchmark prices compared to 1Q FY2022.
⚫ Gross profit margin remained resilient at 70.6% but was impacted by higher average unit cost of
sales due to higher inflation of production costs.
⚫ Net cash flow generated from operating activities was US$5.9 million during the period, backed by
strong EBITDA margins of 47.3%.
⚫ Next phase of strategic growth is underway with the commencement of production at the Cermat
Aman Sdn. Bhd. (?CASB?) mine on 1 July 2022 ready for positive contribution in FY2023.


https://links.sgx.com/1.0.0/corporate-announcements/ESL3UYTYZFWOA53V/722964_FML%20-%20Press%20Release_1QFY2023.pdf

 

Through DBS Vickers trading platform. Those sell orders that crashed this stock last week were marked as " others" instead of the usual " sold to buyer" or " bought from sell" . The others*, as the platform explains, means off-market transactions. 
It' s quite confusing. 

noobshit      ( Date: 27-Jun-2022 13:06) Posted: where do you see that they are marked as " off-market" transactions? alixchoo      ( Date: 23-Jun-2022 17:39) Posted: In the past trading week, the big sell orders were all marked as " off-market" transactions (usually 50k to 80k orders). Anyone knows what that means?  Does that mean insider sell? But insider sell must disclose through notice to SGX right?  Can anyone with experience share what those " off-market" sell orders

 

where do you see that they are marked as " off-market" transactions?

alixchoo      ( Date: 23-Jun-2022 17:39) Posted: In the past trading week, the big sell orders were all marked as " off-market" transactions (usually 50k to 80k orders). Anyone knows what that means?  Does that mean insider sell? But insider sell must disclose through notice to SGX right?  Can anyone with experience share what those " off-market" sell orders  TheMatrix      ( Date: 23-Jun-2022 17:25) Posted: I think the company surely has some big problem. Insider sell off

 

In the past trading week, the big sell orders were all marked as " off-market" transactions (usually 50k to 80k orders). Anyone knows what that means? 

Does that mean insider sell? But insider sell must disclose through notice to SGX right? 

Can anyone with experience share what those " off-market" sell orders 

TheMatrix      ( Date: 23-Jun-2022 17:25) Posted: I think the company surely has some big problem. Insider sell off. alixchoo      ( Date: 23-Jun-2022 16:00) Posted: WTF is going on with this stock!!?? Dividend coming up, but drop like free fall