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To me at least reaching > Sgd. 1.18 then let go!
medivh ( Date: 08-Jan-2013 21:56) Posted:
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someone must have lick saliva before... so bad... hmmm...lol
its ok Iso, I'll drop saliva, but you get to lick them ..lol (" ,) (," )
HG Metal has already start moving.
Sapphire which is an integrated steel production business, right from iron ore to steel with vanadium
should be moving soon. Recent 100% aquisition of Longwei Metal product and production line augurs well for this company.
think2profit ( Date: 07-Jan-2013 20:42) Posted:
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Some ignorant can only watch dripping saliva.. Lol
60c mid to long time - may not be in your life time ley. Ishiokbrator.. so don't BS pls..hehee
Depend on the timeframe.... 60ct is achievable in mid to long term....enjoy
Largest steel maker in China, Baosteel has increased the steel price. Others are expected to follow the dragon head. Should see funds get back to here.
It is just beginning of uptrend movement. I anticipate of > Sgd. 0.38 at least then let go!
Isolator ( Date: 07-Jan-2013 14:54) Posted:
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enjoy...
Do you feel the bull now?
Hi James Ng,
Tks for info on Sapphire's holding in China VTM.
Price spike for iron ore is probably short term as steel makers are restocking and production is lower in winter, both happens at the same time. As major miners such as Rio Tinto, BHP, Fortescue and Vale are increasing their production, price should coming down soon.
On the other hand, price for steel should continue to go up due to anticipated strong demand.
Sapphire price has gone up from 10cts to 50cts during last bull run in 2009 and I don't think you want to miss this rally...
jamesng ( Date: 05-Jan-2013 15:54) Posted:
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Sapphire's fundamental is good with very low production cost, the products are all ready stocks ahead of market demands, also the selling price of products is progressively trended up from time to time!
jamesng ( Date: 06-Jan-2013 01:29) Posted:
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How do you know BB want to buy or sell sapphire??? If want to gamble, better go to RWS, I think it is better and faster. But there might be something, I do not know, so I ask how do you know if BBs want to buy or sell sapphire where there are so m any other counters?
Fundamentally, I prefer china vtm as compared to sapphire for the reasons I list below.....will even be better if china vtm is not delist.....anyways, offer is HK$.1.93 and current share price is HK$1.84...........
Sapphire fundamental is quite weak....unless you tell me otherwise with reasons.....we will see.....
Current market is flushed with liquidity.
Fundamentals are no longer important at this moment.
Any thing that is cheap will move. If BB wants to play Sapphire, it can move extremely fast
as the majority of the shares are held by substantial shareholders. From the trading pattern, it appears that there is some
accumulation.
Let's see........Time and tide waits for no man.
kelvinLim123 ( Date: 31-Dec-2012 19:54) Posted:
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Hi think2profit,
Are you sure that Sapphire still own that amount of share in china VTM? I think you might not follow sapphire or china vtm closely?
When I look at the chart for iron ore and steel, iron ore price had been peforming very well lately but not steel. By right, they are related, but I am not sure the reasons why they are behaving like this currently?
The offer for china vtm is HK1.93 and it is currently trading at HK1.84. At the offer price of HK1.93, I still think that the offer is too low. China vtm is a well managed iron ore company and with iron ore price going to the roof now, it should be doing well if not for the offer of being delist.........not to mention that their iron ore contain hig % of vanadium which are growing in demand as you have mentioned and china demand for iron ore......
As for Sapphire, I am not too sure. Price of steel is still not doing well, perhaps due to the inventories of steel in china is still very high ......
There seems to be some accumulation of sapphire this week. It is good time to start buying in view of growing demand for vanadium which is required for producing high tensile steel and silicon steel. It's 200m shares in China VTM [iron ore miner] should perform well...
Isolator ( Date: 04-Jan-2013 15:04) Posted:
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move up or down??
Just remember... it move with high speed.....
Yes, I believe so!
Nopainnogain ( Date: 31-Dec-2012 20:59) Posted:
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