Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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That's a chunky deal for pre-production assets in UK NS... https://www.reuters.com/markets/deals/norways-equinor-nears-deal-buy-suncors-uk-oilfields-2023-03-01/
Very very promising
I would be thrilled with just half that amount for a JOG takeover. A JV would be a disaster in the medium term for JOG, since it will just allow Benitz to remain on, no doubt, progressively higher salaries. Sell the whole co, then the new owners can have the honour of generously remunerating St Andrew the Great Value-deliverer if they elect to retain his services. Now if you said JV without operators hip, the C suite given their punk slips and someone like RL brought back in to just keep the JOG dividend machine oiled, well I'd be much more amenable to that idea, since RL is an asset rather than a liability.
This deal bodes very well for JOG. Crikey, if JOG does a deal on similar terms, we will see a multi bag in very short order
The difference a day makes :-)
The positive for me is that there is deal making activity .. ahead of the budget .. producing (acquiring) businesses are clearly believing that their EPL incentive is alive and well - perhaps with a floor on the horizon.. if the government have given sufficient reassurances then we may not have to wait until the 15th..
DYOR
Surety - politicians are not to be trusted. Everything they do is in the cause of winning (or not losing) votes, futile though the task is for Sunakhunt. Guess they must just be socialists of the worst type - rich themselves but spouting socialist principles like they're going out of fashion. They're liars on top, because the picture they present to the cerebally-challenged masses is designed to make them hate the companies - a whole sector of such companies in this case - they're stealing from. What they have imposed is not a windfall tax at all - it is a straightforward heist - 75% of ALL their profits (not just the windfall ones - not that there are many because both oil and gas prices are well below levels that applied on 24 Feb last year). F*** the reinvestment relief - every last penny of profits resulting from reinvestment in the NS will be taxed at puntitive rates ad infinitum. Once imposed, taxes are very seldom withdrawn, so don't raise your hopes there.. It doesn't work like that, otherwise all the damaging laws, policies, taxes - call them what you will - imposed in the termianlly destructive criminal Blair's era of deceit and dishonesty would have been thrown out when Cameron's wets got in - he wanted the PM's job so badly he wouldn't risk going back to the country with a bolder manifesto, instead going into coalition with the neo-socialist LibDems. But those laws, policies, entitlements in their thousands, weren't thrown out because every Conservative PM since 2010 has been pitifully weak and more interested in pleasing the masses than changing the direction of Britain's travel towards third world status.
Anyway, back to the point, why would anyone trust either Mr Bouncy Big Ears or Mr Slime for the sake of waiting a few days.
My view, fwiw, is there'll be an announcement towards the end of Budget week or (wait for it) "if not by the Friday of that week, then certainly in the following week".
I added 15250 shares yesterday in 2 lots @164p and 165p. The term "glutton for punishment" comes to mind.........
GL
RL is a proper oil man . We should all vote him back
The guy is 71, whilst not that old by today's standards I'm sure he's looking forward to some relaxed cruises and a bit of golf, I certainly hope I will be at that stage, and if a deal is done like we're all hoping then all the more reason to enjoy his retirement
Dick, we will be expecting a D-RNS if you hear anything different to the contrary! :)
Could news be forthcoming in the next week?
I’m happy to sit back and wait . Most holders have been remarkably patient although there have been one or two exceptions I believe James .
.........Dick, we will be expecting a D-RNS......
......you've lost me, Squizz. I'm a simple-minded type - what's a D-RNS??
I’ve heard he’s happy playing with his train set and digging his allotment….
You might be right Einbert, but I'd heard he was busy researching investment fundamentals based on the theory that any investment held for gain can only have one value: the present value of all the cash that investment will generate during its period of ownership. The initial acquisition cost is treated as an outgoing and the disposal value as income (if this isn't too obvious) . When I last asked the person I know (who knows RL's butler and one of his other domestic servants) how he was getting on, he told me he had progressed to page 59, by which time the book is exploring the relationship between a company's share price and the cash it is ultimately likely to generate cash. This is the difficult bit where a company isn't yet generating income, because things like hope and prayer are quite difficult to accurately ascribe a value to. I make it £43 but this is a bit "finger in the air" and it might be closer to a fiver. Or something in between. Higher than it's been recently, that's for sure.
I've been researching buses.............
https://www.youtube.com/watch?v=rCfO1Iz7Tg4
dyor
...don't think there are any allotments pertaining to Castle Quay....
Really , do you guys ever read your posts back , before sending ! Because they read like total rambles (which is a nice way of explaining them)
Welcome to ‘our’ board JBibby!
Your ‘maiden post’.
One wonders where you might have been lurking and on what high subjects you might have been engaging yourself before tapping out your mildly critical and yet observant missive.
Read back our own posts? What, you mean as if they might be important or significant?
Total rambles doesn’t quite do Justice to some of the erudite rubbish that a few of us post on this and sometimes other boards. I think you miss the point. We write to entertain, amuse and distract ourselves. We guess, we pontificate and we hope.(some are accused of nefarious motives and some vent their dissatisfaction that their investment has not yet made the return they wished for.)
If you want non-rambling prose, I might direct you to the Company’s website to read the RNSs.
I have read this back to myself and cut out quite a lot of the ‘rambling’ - but not all.??
Brilliant :-)