The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"African miners to increase spending in 2015: survey http://www.mining.com/african-miners-to-increase-spending-in-2015-survey-61006/ The study, conducted between July and September 2014, notes that the most common buying method for mining equipment, used by 66% of respondents, is outright purchase. It also shows that African miners are increasingly centralizing procurement, with 49% of respondents expecting greater centralism over the next two years. The report, based on responses from 108 buyers and decision-makers across 100 mines in 16 African countries, including South Africa, Botswana, Democratic Republic of Congo, Ghana, Mali, Mozambique, Namibia, Nigeria, Tanzania Zambia and Zimbabwe, concludes the local industry has began an expansion phase". (from PFP page).
Taken from a poster on PFP this morning; "Mozambique receives US$16 billion in foreign investment over five years Mozambique has received over US$16 billion in foreign direct investment (FDI) in the last five years, between 2010 and 2014, according to figures from the Ministry of Planning and Development. The investment was focused, for the most part, on natural resources, especially coal and oil and gas research in the Rovuma basin in the province of Cabo Delgado, also according to official figures cited by Mozambican daily newspaper Notícias. The Ministry of Planning and Development said in a statement that FDI recorded from 2010 to 2014 resulted from changes in legislation, especially the legal framework of the mining sector, which culminated in the adoption of the new Mining Law and the oil Law and an updated Policy and Strategy for Mining Resources. “The new Oil Law offers more stability for companies and greater flexibility in Mozambique,” the newspaper said adding that the new law included supply guarantees for the domestic market, with a quota of at least 25 percent of the oil and gas produced in the country, provision for natural gas liquefaction and the conversion of gas into liquid fuels. (macauhub/MZ)"
Have we 100% lost our money, please advise?
Presumably this does not apply if you are holding the shares in an ISA? Or is that irrelevant?
Thanks for the link, great to know that I can offset this loss against income rather than other gains 'cos I haven't made any capital gains so far this year (or last for that matter)! Every cloud has a silver lining!
And i sincerely hope it doesnt as i will loose several thousand, but you may want to check this out from HM Revenue & Customs. Negligible value claims and Income Tax losses on disposals of shares you have subscribed for in qualifying trading companies. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/323692/hs286.pdf The document may take some time to get your head around it.
I have tried again think it's gone through this time Duxi
Cheers buddy sure its not you i'm doing something wrong on the website but hope they will send you my email address we'll get there ..... Duxi
Sorry Duxi, Still not getting your messages, maybe I am doing something wrong but have had messages from other users and admin as well so a bit of a mystery there!. Not to worry I see you have asked the committee to send me your e-mail address, they have mine and I do not mind them sending you that on if they will so hopefully I can contact you that way. Cheers Mate.
I have tried again on private messages SAC under your name and it seems to have been sent....Duxi
I have asked the committee to email you my email address ATB
Dead right, will do Cheers Andy.
Please e-mail the address below with your intensions to attend, we are now mailing all 40 people who signalled their intensions to attend to firm up the numbers. Have a good weekend fella. Andy. :+) Beer time!! bhrshareholders@outlook.com
Hi Duxi, Just logged on to the SAG site and cannot see any messages from you there mate.
Hi Andy I would like to attend have e-mailed Admin via the SAG site. Will that get to you?
thanks again andy .
Cheers Duxi, will be in touch.
Due to offshore commitment I am afraid I can, t make it. Wish everyone all the best.
Just PM'd you regarding the meeting. Andy. ;+)
thank you andy
Thanks Andy.
Just an update for everybody. We are seeking to obtain numbers for people wishing to attend the shareholder meeting, for all those who mailed the BHR SAC website you will soon get an e-mail looking to confirm your availability. Following which we will fix location and timing. Some important meetings have and are taking place so when we all meet there should be something substantive to discuss. In order to ensure only bona fide shareholders attend we will set certain criteria for attendance most likely the same as any attendance at an AGM. We will let everyone know pre-meeting.
Posted you my email address just in case this site goes off on bhr shareholder website Duxi
Hi Danalbo Cheers for that have replied on SAG so many thanks for that. I'm in rhyl North wales not far from you. On our bhr action group site its under my real name..
Baker Steel Resources calls bottom of the commodities market http://www.telegraph.co.uk/finance/commodities/11372401/Baker-Steel-Resources-calls-bottom-of-the-commodities-market.html Commodities investor Baker Steel Resources is raising £100m for acquisitions as it calls the bottom of the resources market. “Our view is that this is the right time to be investing in the sector as we are at, or close to, the bottom of the cycle”, said Trevor Steel, Baker Steel Resources founder and former Blackrock mining fund manager. “We have seen more than four years of underperformance of mining equities versus the general stock market and declines in public equity mining companies consistent with the declines in previous bear markets," he added. The commodities sector has suffered over the past year with particularly steep falls in iron ore, copper and oil. As a result, a number of companies are expected to become distressed as they struggle and require fresh funding to prop them up. A number of large investors are already targeting cut-price commodity assets, including private equity firm Warburg Pincus, which has set aside around $1bn to target deals in the mining industry, and former Xstrata chief executive Mick Davies, which has secured more than $4.8bn for a war-chest to fund mining deals by his new venture X2. However, Baker Steel Resources has said that while larger opportunities are covered by these investment giants there remains a wealth of opportunities for development companies. The investment trust, which currently manages £32m-worth of assets, said it will invest between £10m and £20m in unlisted and specialist listed situations. The trust was one of the worst performers of last year as it was hurt by the wider market falls. The trust said that since November 28, 2014, its net asset value per share had fallen by 3.4pc due to writedowns in its iron ore investments