Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Doc Holiday @DDS_DocHoliday Following More #BLVN target price 23.5p area, it may bounce off that O/S RSI but it's out at sea if it comes to me great if not great
check out bonker99 on twitter https://twitter.com/bonker99
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it looks like they want to take it down to cash in bank... 22p maybe... 27p this morning..25p this afternoon
Very quiet, was hoping today would signal the start of a recovery, alas not looks like they are taking it down again. Should we not have heard about Bomono by now? This new board are just great at letting us know what the hell is going on.
China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s. Western banks are wary due to the depressed state of the shipping and gas markets, as well as the technical difficulties of pumping gas extracted from below the ocean floor, chilling it into liquid form on a floating platform and transferring it into tankers for export. China, however, is making a strategic push into FLNG, aiming to become the lowest cost seller of the complex floating plants and lead the global rollout of a technique that remains in its infancy, with only one project in commercial production so far. The country needs gas as a cleaner alternative to coal under a drive to improve air quality in its cities, and has already lent $12 billion to Russia's conventional Yamal LNG project in the Arctic as U.S. sanctions scared away Western banks. It has also lent or committed almost $4 billion to three FLNG schemes off the African coast. In two more African projects costing a total of $3 billion (2.36 billion pounds), it plans not only to provide the funding, but also build the production platforms. "We see a real commitment to FLNG in China both from the construction side and from the LNG consumption side where decreasing costs mean potentially lower cost LNG," said Steve Lowden, chairman of Jersey-based NewAge which is planning FLNG projects off Congo Republic and Cameroon. China already dominates the global market for solar panels and is a major supplier of coal-fired power plants, aided by easy money, cheaper labour and state support. Now, with Beijing pushing President Xi Jinping's "Belt and Road" vision of expanding trade links between Asia, Africa and Europe, it is turning to FLNG to bring high technology work to its shipyards and create jobs - a strategic priority. FLNG is also attractive to resource-rich but debt-burdened African countries. Projects can sail into place, drop anchor, and begin exporting for much less than the cost of onshore plants, the price of which quadrupled in the decade to 2013. That, at least, is the theory. The reality is that the technology remains complex. Royal Dutch Shell's <RDSa.L> mammoth Prelude FLNG plant, for example will be aboard the world's biggest floating structure, but must squeeze the equipment into a quarter of the space occupied by an LNG plant on dry land. Wave motion and ocean currents add to the difficulties. The $12.6 billion Prelude project, which is due to start operating off Australia in 2018, is typical of those conceived during the era of high energy prices. However, spot LNG prices have fallen 70 percent since early 2014 and are expected to remain under pressure or drop further due to extra supply from new conventional plants in Australia and the United States. Despite this, some pro
new age have agreed loan terms to finance Cameroon US-based oil and gas group New Age has received an up to US$425mn loan facility led by energy fund EIG and the Africa Finance Corporation (AFC) for the development of fields in Africa. An initial US$350mn has been disbursed, with an accordion feature allowing for an additional US$75mn to follow. The AFC itself is investing US$75mn in the deal, and the deal received support from five institutions in total, including EIG and a Middle East-based sovereign wealth fund. The facility will be used to finance New Age’s offshore oil and gas fields in Congo-Brazzaville, Cameroon and Nigeria, as well as a further oil field in Iraqi Kurdistan Iraq. Hogan Lovells advised EIG and AFC as principal senior lenders. London infrastructure, energy, resources and projects partner Richard Tyler says: “This presented both a challenge and opportunity in the current market – new upstream oil and gas financings are relatively rare at the present moment due to the low oil price, and involve a variety of country-specific issues; however they present attractive commercial opportunities for specialist funds and lenders.” Clyde & Co advised New Age on the transaction.
thanks for the link anyway! ;-)
was posted over on the BLVN site if you care to take a look (I am not invested in BLVN, just curious about what's going on there!)
https://www.nytimes.com/reuters/2017/06/26/business/26reuters-china-lng-africa.html/
Yes the market already sees just over 80m of that....but were still at 25p a share?
Lets not forget.. 85 USD in bank.. 67 GBP...
thats just your opinion, imo if the old board had won they would have been even more arrogant and we would still be in the same situation. takes a long time to turn a super tanker round.
In Malcy's latest blog he states that BLVN may be removed from the bucket list as it is in a run down situation similar to ITHACA and we all know that ITHACA was subject to a TO. He also went on to state that Bomono has been sold to New Age which I would have thought would warrant an RNS, don't know whether he has got his wires crossed it wouldn't be the first time.
I have never been confident with COC and if you look at my past posts I said from the start they will turn out as bad as the old board of which I was very very critical, however if the vote had gone the other way I think it would have been a good kick up the jacksy for the old board and things would have improved...the reason I didnt sell at that time was because I was on the cuff of break even and thought "give them a chance" greed on my part.....I really dont see 40p and if we do get close to 34p I will thank my lucky stars...I know what we have in the bank etc etc but why isnt the market reflecting this if its hard cash?.....also what about updates what about giving cash back to shareholders?...disgruntled to say the least.
The Option shall be exercisable subject to and in accordance with the rules of the Plan including the extent to which certain performance conditions are satisfied over the performance period commencing on the date of grant and ending on 31 March 2022. The Option's performance conditions relate to the Company's share price performance and the maintenance of annual cash costs below a certain level, and malus and clawback provisions apply.
Skiwizz, we are all here and have been for years.. I Watched Kevin destroy the share price to 19p and waste nearly a billion USD... COC bought on the open market 30 Million share at 34p and above, 25 million share from 25 to 30.. they are also out of the money now... like we all are..I know this is disappointing, but what was the other choice.. watch Kevin waste all the money.. we are sitting on 85 million USD and have money owed 65 million USD.. I have myself bought another 750 thousand shares from 27.5 down to where we are now.. I think a lot of head scratching trying to work out why we have come off. I look at it as another buying opportunity.. value will come out in the end,, maybe a year to 2 but it will come out.
They are shareholders like the rest of us and any change in control needs to be voted on. Therefore I don't see how they can shaft us. I think patience is needed. Someone wants share price lower but I think this is to lower the eventual bid. I fully expect that BLVN will be sold in the next few months.
Another penny gone, been a constant fall for weeks. Is anybody on here entirely confidant about COC and the boards intentions, ie that they are not in this to shaft PIs and take every thing for themselves. I'm afraid I'm not, they are controlling this price I'm sure. I can't believe how vocal they were before the boardroom coup and since we've heard nothing from them or the COC controlling board. Thoughts?
https://www.nytimes.com/reuters/2017/06/26/business/26reuters-china-lng-africa.html
It was ok.. revenue coming in which is always a good thing..
any positive impact expected here if it is signed off or was deal that bad for BLVN?
2 days to go.. Vog up 8% of what else?.... its the only news due out.
I saw your same comment on vog, seen anything to confirm that.