Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thank you
BHP this week.....markets like sales of some assets, gives weight to valuations.
BHP, Mitsubishi Development seal sale of stake in coal joint venture
BHP Group Ltd said it and Mitsubishi Development Pty Ltd had completed the sale of the Blackwater and Daunia mines.
These mines are part of the BHP Mitsubishi Alliance metallurgical coal joint venture in Queensland. BHP and Mitsubishi Development each hold a 50% interest in the venture.
BHP announced back in October it had agreed to sell the Blackwater and Daunia mines to two wholly owned subsidiaries of Whitehaven Coal for USD4.1 billion in cash.
On Tuesday, the Melbourne, Australia-based resource miner said Whitehaven Coal had paid BHP Mitsubishi Alliance USD2.0 billion cash on completion date on Tuesday plus a preliminary adjustment of USD44.1 million for working capital and other agreed changes.
Whitehaven Coal paid a USD100 million deposit on signing of the asset sale agreement on October 18.
BHP said USD1.1 billion cash remains payable by Whitehaven Coal to the joint venture over three years after completion and a potential additional amount of up to USD900 million in a price-linked earnout may also be payable by Whitehaven Coal to the venture over three years.
he price-linked earnout is subject to a cap of USD350 million each year and depends on average realised pricing exceeding agreed thresholds for each of the three years following completion on April 2, 2024.
"The total cash consideration for the transaction will be up to USD4.1 billion plus the final completion adjustment amount," BHP said.
Some resistance @ 2110p before the next leg up.
HOLD for me for the longer game.
gla
£20,s nice to see this recovery play coming to fruition
Mining analysts have been forecasting a rise in copper prices for over 12 months, but the slowdown in the Chinese economy reduced copper demand and prices, but now Chinese PMI and factory numbers are turning positive for the first time after 6 months of negative numbers....hopefully this is the start of a global upturn leading to a steady gradual climb in copper prices.
Also there was an article on Duncan Wanblad in the Sunday Times on his time at AAL, he is very positive on future, but no earth shattering news on the wordsmith mine or any other project.
....Is in highest level of Contango ever recoded at $105 above the "spot" price. That suggests dealers (who generally know their stuff) expect the price to rise sharply .Copper is AAl's second largest earner and contributes about 0ne third of Ebitda ....
Hi all just wondering if anyone knows anything about the selling part of the Woodsmith mine as was mentioned late December that Anglo were looking for potential investors.....Have had a look around the internet and couldn't find anything
Not in here yet but on my watchlist and waiting for bored sells (not board sells!).
https://stocks.apple.com/ATI7zL_q1ShukgjG-pI8quA
India's sponge iron producers seek duties to curb iron ore exports:
https://twitter.com/Reuters/status/1770352239271379106
Can you repost the link please?
Thanks
PB
Miners generally were down today, add to that the dividend explains the drop, which is nothing out of the ordinary. Tomorrow could bring a further drop, or 5% up, no one knows. But I know I'd rather be in than out.
Unfortunately I can see it dropping a lot more, as good as the potential is in this company you need patience and
patience is not something most shareholders have. I got out yesterday before the divi because I had an inkling something like this was going to happen.
Yes correct
0.5b Euro due 2029 and 0.75b Euro due 2032
It's fairly common way for companies to get their hands on extra cash, they had 8b Dollars in the bank at the end of the year and their tangible assets are valued at 30b compared with the current 24b market cap so yeah I won't be selling either.
Somebody please tell me! It seems as if they are issuing bonds to try to raise money. Beyond my pay scale. Whether this is is a good thing (they have found some fantastic prospects for new mines) or whether it is a bad thing (they are going broke and trying to stay afloat) is another matter. I guess the latter, but I am holding because if a larger company buys them out I shall kick myself for selling at a loss and missing out on any takeover premium.
Classic FTSE name, dumps more than divi when it goes ex. Why do we bother sometimes...
Can anyone explain the OFFERING CIRCULAR.
Improving slowly, nice to get a wedge of cash into the accounts
Continuing its climb back to a decent level, hopefully we can see £20 in the not too distant future
ANTO has done pretty well compared to all the others though.
Wouldn't call it a "SPIKE" the Sp has been trashed these past months,
sure we are ripe for takeover, but at current levels AAL are cheap!!!!!!, Simple!!!
Presumably this weekly spike is driven by takeover rumours, as BHP and Rio share prices (the most obvious acquirers) have been subdued.
Whether this comes to fruition or it turns out to be another classic FTSE rug pull, only time will tell...
From the low £!7 range, are we beginning to see a move up at last, not long to the new ISA year, ill be dipping my toe in again
SP is raising for two days without any news. This stock has dropped over 40% in 12 month. Any takeover ac.tivity in the horizon?
Https://breakingthenews.net/Article/Palladium-soars-over-6-after-Powell's-remarks/61634362