Core Viewpoint - The analysis expresses skepticism towards Vale (VALE) due to its heavy reliance on iron ore, which may pose risks to its financial stability and growth potential [1]. Group 1: Company Analysis - Vale's excessive dependence on iron ore is highlighted as a significant concern, suggesting that this reliance could limit diversification and expose the company to market volatility [1]. - The analyst identifies a need for Vale to explore growth opportunities beyond iron ore to enhance its investment appeal [1]. Group 2: Investment Perspective - The analysis is framed from a value investing standpoint, focusing on identifying undervalued stocks with potential for growth, indicating that Vale may not currently fit this criterion [1].

Core Points - Black Iron Inc. held its annual and special meeting of shareholders on June 13, 2025, where nominees listed in the management information circular dated May 6, 2025, were elected as directors of the Company [1] - A total of 34,637,832 common shares were voted at the Meeting, representing approximately 11.3% of the issued and outstanding common shares of the Company [3] Election Results - Matthew Simpson received 22,279,344 votes for (99.823%) and 39,569 votes withheld (0.177%) [2] - Bruce Humphrey received 22,186,338 votes for (99.406%) and 132,575 votes withheld (0.594%) [2] - John Detmold received 22,156,338 votes for (99.272%) and 162,575 votes withheld (0.728%) [2] - Pierre Pettigrew received 22,280,344 votes for (99.827%) and 38,569 votes withheld (0.173%) [2] - David Porter received 21,903,338 votes for (98.138%) and 415,575 votes withheld (1.862%) [2] - Zenon Potoczny received 22,279,344 votes for (99.823%) and 39,569 votes withheld (0.177%) [2] Company Overview - Black Iron is an iron ore exploration and development company focused on its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine [4] - The project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex [4]

We attended Singapore International Ferrous Week from 26-30 of May, meeting with industry players, including iron ore miners, steel producers and investors throughout the week. We highlight our key takeaways for the iron ore price outlook, supply and demand. 4 June 2025 | 2:45PM BST Metals Comment: Singapore International Ferrous Week Feedback: Hard To Escape The Bearish Thesis Singapore International Ferrous Week Feedback: Hard To Escape The Bearish Thesis We attended Singapore International Ferrous Week f ...

Group 1 - Contango ORE, Inc. (CTGO) closed at $20.27, with a 45.4% gain over the past four weeks, and a mean price target of $29.33 suggests a 44.7% upside potential [1] - The average price target ranges from a low of $26 to a high of $32, with a standard deviation of $3.06, indicating a potential increase of 28.3% to 57.9% from the current price [2] - Analysts show strong agreement on CTGO's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - The Zacks Consensus Estimate for CTGO's current year earnings has increased by 176.9% over the last 30 days, with no negative revisions [12] - CTGO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement, which appears to be a good guide for potential upside [13]