Only this in a week - 07/06/2016 13:02 78,192 @ 1.55 That and only a 50k share trade is a surprise for a 14.81% movement. Not exactly volume.
Maybe the pleads from LThers and Stalwarts is a factor- plus of course, that the Zinc rise, which also should continue (e.g. Goldmans being bullish on zinc + others - which I assume is the main reason.. Then hold BH to his statements. rgds - RM
Today it keeps nudging the 91c level then falling back. Meanwhile, warehouse stocks fall day after day. This is a good market for mining companies actually in production. The zinc under Parys Mountain isn't going to leap out of the ground on its own....
All, A method of getting your goods to market. Infrastructure, at viable costs. The business case can be re-worked if you are on the coat-tails of strategical and sovereign backed change. (Essentially, the political will).
Just a few other pluses to contemplate... Shotton is inside the Welsh border (Welsh Assembly territory and jurisdiction) - Tata steel works.
Heavy industry is now strategy, by pressure on the government (Recently, it was the UK government who opposed the EU tariffs on China, until the Port Talbot scandal hit the headlines -- sounds like a U turn).
Today, S****horpe sold by Tata to a Private equity company for 1 quid. Saved, and they were allowed to call themselves British Steel.
If the NW Coast Line is upgraded as in planning ( as per Osborne), it will feed the UK hinterland of the North and Midlands. ("Northern Powerhouse"). There is a strategic plus and drive for supporting exports (e.g. via Holyhead). (net) Balance of Payments is the worst ever - which impacts the pound. (Totally within G.Osborne jurisdiction and on his watch). Lloyds' Bank have recently announced a new loan scheme for UK exporters - access to capital funding - good rates.
The UK needs jobs and regrowth of industry, new industries, a rebirth of manufacturing, - rather than relying on selling PPI and pet insurance to each other, and hitting those quotas to save your job. etc etc [e.g. Compare SGZ for government grants for new jobs in N. Stirlingshire.] - Production is now real.
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