Recent listing produces iron ore in the Ukraine and has recently stepped up production recent gains suggests this one has further to go dyor..

Break-out confirmed.

Anyone interested..?

Hi Mitzy - yes, have been for a while but don't always get around to posting anything. This is another one where I managed to curb my impatience - and what a turnaround we're seeing today all of a sudden!

Glad to hear from you Toya.

Heading back to 500p.

This one caught my eye when scrolling FTSE 100 charts. Ended up buying it at 330. Unfortunately it may be another one day poke north after another wall st fall today. I looked at the fundamentals after the event and seemed ok. Any expert views on this around.?Is it a good prospect for long term?.

Long term yes...but patience is required with this one....caught up in the general downturn here.....at a guess Kenmare (KMR) is another mining stock that's undervalued....but at the moment investors are waiting for the bottom before piling in !.

What a disaster...132p now.

I agree its overdone.

Problem is it could fall to 100p or lower in current conditions.

I would however disagree, with the current global economies including China heading into difficulties, I think metal price will continue to slide.

I think FXPO will head to 50p.

Crikey 50p thats incredible if it happens.

No support here .

Its in freefall just like yesterday afternoon.

Yes, mitzy...FXPO is showing more weakness and 50p very likely on the cards.

Touched 110p before rallying to 120p...damn those shorters.

Wall St down 3% tonight its a tough one..it could go 50p.

Mitzy and hyleo, do u think this will go to 50p...I'm nervous cos I've some of this.

In a typical business cycle share prices & commodity prices fall when economies enter recession. Short term interest rates peak & bond yields top out. Inflation increases. When recovery starts, share prices will start to rise but commodity prices normally stay weak. When interest rates fall & inflation also starts to fall, then commodity prices start to pick up.
So, normally only when an economy is starting the recovery cycle do commodity prices start increasing. If you haven't already sold, it is my opinion that there is further to fall, so you could now hold these for recovery, which could be at least 12+ months away, imo.

Thanks Harry for the advice, think I will cut my losses and sell.

The biggest shareholder, Kostyantin Zhevago, in Ukrainian iron ore producer Ferrexpo has sold a 20 percent stake in FXPO.

Incredible...got out last Monday...otherwise suffer more loss. 50p on the way, as u guys said.