What high inventory means is that those that produce less than 62% and cannot blend to that level need to hang it up. At $40 something a ton for 58% they most likely are not making money. Vale of course has the ability to blend with it's high grade ore which is why at one point Vale was in discussions with Fortescue but when prices started rising Fortescue apparently got pretty demanding and now may need to reconsider the option. Fortescue has 56.7% Super Special Fines that are currently discounted at 30% from the 62% benchmark, 58.3% Blend Fines are discounted 25% and 57.3% Kings fines are discounted 10%. Their break even price was $41/ton and they were trying to reduce to $35 but not sure where they actually are at this point other than they have to be hurting with a probable average price in the mid 40's for them.
Can anyone tell me why Vale sold off on the recent earnings? Best quarter since 2014, paid down debt, and issued dividend. Plus the big project SD!! is contributing to .major expense savings compared to prior years going forward. The last quarter should have been a champagne day?
I was holding on to my dividend, didn't want to reinvest but how could I pass up this buying opportunity, bought in at 7.62! Goodluck everyone!
Congrats to anyone who bought at yesterday's open for that quick 10% gain, whether you averaged down or locked in a profit, good job telling the shorts to go #$%$ themselves
Bought some at 7.6. let's see what happened this morning
I have a question for the Board. Lets say for a minute the analysts are right with their projections for the price of I/o for the next half decade. How then does Vale get any price appreciation in the stock? You can only cut costs so much. There will have to be more players other than China.
Waiting to go back below $8 before buying back in.
Vale currently trading at book value, p/e is about 9. Just to put things into context, RIO trading at 15 times earnings and BHP at 38 times earnings.
If Vale does meet their debt target this year I certainly hope it gets reflected in the stock price. I know the wildcard is the price of I/o, but the debt obligation is important to a stock also and should be reflected in the share price, good luck!
Does anyone know the latest on Samarco? Will we have clarity on Samarco in 2017?
Did something come out after hours?....why the severe drop?
Getting sick already on this bs
Ba Ba BUY !!!!
I'd just like to take a moment to point out that people are buying like crazy right now, back up over 8 dollars from 7.50ish. way tooo oversold
vale holding up in San Pablo but down 6% in NY. due to drop in real? but real drop makes Vale more competitive doesn't it?
IF it makes new low today; going to 6.9-7
By 8:00 am when we can buy it will be back up too much.
I am trying to understand this who shareholder reorganization thing. Does anyone think this will have an impact on the price of the stock? I for one do not like the dilution.
Some great gains since it dropped to $7.84 that one day. Up on relatively low volume though, this week. Thoughts!?
most of these posts are bs. there is a hige short position on this stock. the nyse pro trader is well tra