Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes well done ES ,hope Bisi follows soon,it won't take much buying to move this.
Not sure of the the price of coal in SA domestic market,hoping the rail issues too Richard Bay export terminal hav'nt resulted in more coal dampening local prices.
Well on 6th December, I was right about Lookers!
The price of coal in 2021 is going to make profit for the year very close to market cap.
Is this worth buying now the price has come back? Results around March I believe but stand corrected. With what has been happening in the energy sector, combined with Bisichi’s fundamentals this looks very cheap… Will they reintroduce the dividend? I guess it depends on the life of the mine and the price which they have been achieving for their coal (agreed contracts etc). One to watch at least.
It was interesting to read that France has had to take 4 of its reactors out of service as a precaution after finding a fault at one whilst at the same time Germany have stated that the signing off of Nord 2 will not complete this winter… It looks as though high gas prices, high electricity prices and high coal use are going to be with us for the next few months.
Along with Lookers, this is as close as you'll get to being able to buy £10 notes for £5.
V good update fr TGA 2day,would expect BISI to end year with net cash,and by the time they get around to reporting 2021 results in April ,if coal prices stay at current levels to have the current market cap more than covered by cash in bank,but how much they'll share with minority shareholders is anyone's guess?
Re previous message. Computer blip: o****ry should read 'country'. I have no idea how that happened.
We need to know more about BISI's selling procedures, how much of their coal is forward sold. and how much is permitted to be sold out of the o****ry. I read in one of the messages that BISI is permitted to export not more than 80,000 tonnes?
The actual spread is nothing like the quoted spread.
I can't see how we are not buying £3 for £1 here. Sold coal is real cash.
Huge spread! And a sharp dip today. Coal futures are down and falling further. Hard to explain the rather
fast turnaround to possibly normality (coal prices) within the coming 12 months. Yet BISI should benefit
while the prices are still high. On the whole, a hard act to follow without a trading update.
It would be hard to imagine that BISI is not benefitting substantially from the global high coal prices.
Even just $10 extra per tonne on the annual output of about one million tonnes amounts to $10 million additonal
profit. Would be nice to get an RNS trading update.
A snippet from yesterday’s Daily Telegraph : -
The Daily Telegraph: Coal has generated more electricity in Europe than gas for the first time since 2018 following surging costs.
The company is going to make more than its market cap in profit over the next 12 months.
Does it get more insane?
That said there is four years left of the mine, correct plus Look at the board composition and how much they pay themselves
share price highest been in 5 years i believe
And Bisi also have property interests in London. I believe that some areas of commercial property have been forced to go through a ‘transformation’ as a result of covid. I’ll be interesting to see what the board have done here.
TGA are having issues exporting from SA due to the railways. Same issue here?
Financial Times: Chinese coal futures delivered their biggest weekly rise on record, driven by a worsening energy crisis that threatens to pile further pressure on the country’s property developers.