Super strong today Final call 234 big breakout will go 255-259. Prepare for April It’s about time for the June results push by operator Let’s go past 3 ringgit in short time Cheers
The Defense Logistics Agency (DLA) has cottoned onto what is happening in the tin market and, as reported by Fastmarkets, is preparing to sell its first metal in a decade.
The DLA accumulated tin stocks in the 1960s and 1970s as conflicts in Korea and Vietnam heightened concerns about strategic supplies.
The Agency turned seller in the closing decades of the last century. Its last major sale was in 2007, when the tin price was also on a surge, the rally topping out at $25,500 in May 2008.
The current tender is for just 40 tonnes of tin but the DLA may only be testing the waters. As of last September it held 4,015 tonnes of metal, according to the U.S. Geological Survey (USGS).
The tender comes with a disclaimer about the potential weathering of the tin, but with imports still back-logged there is not going to be a shortage of bidders.
DESPERATELY SEEKING TIN It remains to be seen whether the DLA’s sale is a one-off or the start of a campaign, but it’s not going to be enough to move the global supply dial.
March 2020 is RM0.515 currently is RM2.17. I'm also hping the share price will go more than RM3.00. Before the bonus issue and right issue is at RM3++ level. Fundamental the share price itself is overvalued in term of PE. When the expectation is high there is a risk that the share price will drop if the result do not turn out to meet expectation. The demand for the technology stuff will be normalised and the EV outlook will here to stay. The demand for the tin will be more than supply since 2018. If your entry price is below RM1.10 than you already get the incredible return on paper if you not yet sell it.
WAKE-UP CALL The consensus is that global tin production will bounce back after a year of COVID-19 disruption, but it’s evidently going to take quite some time to refill a depleted supply chain with shipping constraints a continuing complication.
This super-squeeze looks set to continue.
It’s a major wake-up call for tin producers.
Tin is already set to be a major beneficiary of what is dubbed the fourth industrial revolution. It is also undergoing a period of intense research and development, translating into a lengthening list of potential new uses for the bronze age metal.
There is no "operator" in MSC... StrIaits Trading Co is reputable long term investors. Every one is concerned about inflation now..... tin can be good hedge against inflation. Limited supply
We don’t want volatile unsafe stocks We want fundamentally sound stock which is msc Inflation is confirmed here to grow Tin is a good hedge Ultimately it will go the way of Bitcoin Just wait only
Looks like Malaysia msc is not following tin price anymore and behaving on its own moving around 2.16-2.19 region consolidation Have a good weekend and see if any upside next week We have 5 days next week again Cheers
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JSoang Ooi
641 posts
Posted by JSoang Ooi > 2021-03-16 20:51 | Report Abuse
political unstability.. if sanctions, tin price will explode..