Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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We're gonna need a bigger Oubliette
Pretty dismal on all fronts. Time for a new Chief Exec?
Nice update - not. Timber!
www.globaldashboard.org
It helps when you have a really healthy relationship with those who provide death spiral funding
not looked in here for ages seeing as need a billion bagger to break even , I see Bell end is still running dead rock , how does this guy get away with it
He has been in DRC sorting the deals there.
Releasing an RNS would require our Chairman to show up at the office and take time from his social and political dealings.
Indeed. Shoats Creek another example. Company hasn't released any update on that project even though partner Mayan Energy pulled out of the field back in May. In their own RNS Mayan said:
"Mayan has relinquished its 50% working interest in Shoats Creek. The decision follows an evaluation by Mayan based on both external and internal developments impacting Shoats Creek as well as an assessment of the potential to realize a positive outcome for shareholders through continued investment in this asset."
They went on to say:
"The relinquishment will also protect Mayan from potentially significant Plug & Abandonment ('P&A') liabilities associated with abandoned well bores at Shoats Creek."
Surely an update is warranted here?!
Where has RRR been left after this turn of events? What are those "significant Plug & Abandonment liabilities" and do they affect RRR?
Magic we all know he hides any bad news. How many projects have gone quiet or simply disappeared over the years. I honestly believe he only thinks about himself.
Why hasn't RRR released an RNS regarding the Steelmin situation (Jajce Online quoting Steelmin as saying they can not operate at a profit with current electricity prices)?
If achieving commercial production was RNSable then not being able to operate at a profit is also presumably RNSable?
lol at the 0.85p Ask price shown above with 13% spread. Wonder if they are looking for mugpunters to pay a premium in order to get the 0.84p warrants away ???
96m warrants exercisable at 0.84p are sitting in the wings. They expire 13th Nov so I personally figure there will be attempts to get mugpunters to pay that kind of price.
There is also the matter of the £1m of convertible loan notes which are convertible at 0.8p. What's the status of those?
Always same old same old from AB. He has kidded a lot of people over the years.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=byszrhjq&ArticleHeadline=Conditional_JV_to_develop_cobaltcopper_tailings
26 Sept 17.
How much in salary etc in the meantime?
AB would have given the Golden Brick away to an Afghan Christian Coal Mining Co (that sounds like a rrr/rgm investment) and then stuttered through a news interview on projected profit forecasts
Helpful : "AB could turn up on your doorstep with gold bricks and you would still pull a face."
If that's how you interpret the market sentiment then isn't that really suggestive of the need for this BOD to move on?
What would 50% of f all be worth?
Commercial being the operative word there eh Helpful?!
Currently the plant is not commercial because the price of electricity is too high so they would be operating at a loss.
Dear oh dear
I have seen that and already knew about it as you would if you did any research. AB gave an interview two weeks ago. In that he said that Steelmin had moved from a system of water cooling to air cooling. In the hot summer this prevented them operating at 100% capacity.
AB wants control: why? He stated he wanted to go to 50% plus.
We will end up with 50% of a decent asset for pretty much nothing. Why go to the trouble taking your position over 50% if it is a basket case?
Try thinking like a commercial person.
DYOR
From : Jajce Online Site
https://jajce-online.com/2018/09/14/steelmin-zbog-poskupljenja-elektricne-energije-tesko-je-nastaviti-proizvodnju/
Steelmin: Due to rising electricity prices, it is difficult to continue manufacturing
Google Trans:
"After a successful three-month trial, Steelmin BH from Jajce halted production for two to three weeks in order to repair the shortcomings that had emerged after testing and trial work, the Steelmin Management Board BH "says:
The repair of the plant, ie the elimination of observed defects during the first three months of the trial work, is completed and preparations are under way for the continuation of production"
"In the meantime, we conducted negotiations with the bidders for electricity supply, where we encountered certain problems. Since May, when we started production and since we had short-term contracts, the price of electricity has increased dramatically. We planned to conclude a quarterly contract with the most favorable electricity supplier, ie by the end of this year. But the problem is that the current from 57 euros per MWh (megawatt hour) from May on the market has now increased to almost 77 euros per MWh"
"This is a drastic rise in price, and this new situation, according to the director, has led the company into an unfavorable position and in the situation that it is an uncertain continuation of production by the end of September or the beginning of October"
"We consider it important to inform the public that it is not about the issues we can influence. It would simply produce at a cost of 77 euros per MWh of electricity, with loss, which is unacceptable."
Follow the board stooges here at your peril imo.
Out in force. Obviously the dividend is the wrong type of money.
Deluded. JMS is distributing at a run rate of over £1mil pa. RRR costs are about £500k pa. Things are looking good, hence why the trolls are out.
What are you going to say when we end up with 50% plus of Steelmin for pretty much nothing?
As I said before: AB could turn up on your doorstep with gold bricks and you would still pull a face.
DYOR
Yes d_s_many of us have been kidded by AB. Someone asked you a few weeks ago if you still had any interest in Ivory Coast and I cannot recall if you replied. May I ask have you any remaining involvement with AB.
Looks like old Vini has had his latest account removed . . . again ! How many is that now?! Losing count.
"Regarding the poster formerly known as Cityfan (or Vini). I know he was posting on the LION and PREM thread and glancing through the new posters i would say looking through this posters posts (from Monday and before) http://www.lse.co.uk/member-info.asp?page=1&nick=Covert and i would say i'm 99.9% sure Vini is now the poster "COVERT"
.....................
Vini i knew you would return back to this thread one day. You are so easy to spot. :)