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.
Yes, that is what I meant.
You’re going to wind up Garyn in a minutes with that post!
http://investing.thisismoney.co.uk/news/article/id/5965920/?rnsAgreed=1
Some decent trades coming through. News soon please, let’s get that deal done !!
real spread is 28v30
Can someone see rns at 10:21?
Looks to be broken soon
which is interesting...
North for a good rise i think
I think Jimzi meant maybe using it as a vehicle for another asset that they are involved with, rather than Orion being interested in the company itself (wouldn’t fit their profile to takeover a small AIM co)
Cu rising nicely. Be nice to break 3.2 resistance.
I agree, there is a lot of money to be made here
...we may see above 2p before too long. Keep the faith, where there is money to be made there is always a deal to be done !!
Jimzi, Not sure why Orion could consider doing a RTO as they could simply buy another 5% and put in a bid for the whole company.
Was just thinking if Orion may wish to put an asset they have in - so they write off the debt and use the tax losses. But does seem messy and why
The Interprid board of directors have also added this statement: "The Board of Intrepid is considering the options available for Intrepid�s Zambian assets in light of the current copper price environment." To me that indicates that Kitumba may be worth a lot more than what WTI was buying it for and that even if WTI does not buy it, they will consider other options available in view of the increasing Copper price.
Good research- this could now keep rising until news which is only a week away
See this RNS by Interprid Mines re: Kitumba: https://www.asx.com.au/asxpdf/20180430/pdf/43tlryq64qhcnz.pdf Question is will WTI find alternative funding to proceed with the purchase as authorised by Orion, or won't it? We will know by 18th May.
Wanted to top up yesterday at 0.20p but didn't have any spare funds.
0.248 to buy now.
Cannot agree more. They’ve just been unfortunate thus far.
The RNS clearly states that any sale is expected to happen within 6 months so anybody saying that Orion will put the company into liquidation are misleading investors IMO. Furthermore, Orion is a sophisticated mine financier and I would eat my hat if they have not made provisions in their books for some if not all of the WTI debt. The strategic review also talks about getting value for shareholders so I do not think that Orion is going to screw minority shareholders. With any mining asset, there are always risks which cannot all be foreseen or taken into account. The Namibian dollar exchange rate is not of WTI�s making, neither is the copper price, or the ground water which seems to affect the life of the mine beyond 2020. Why Orion did not agree to the extension of the Kitumba long stop date I do not know, but it would have originally agreed to the deal being done. Had WTI directors been negligent, then I would have faulted them and so would Orion I am sure, but they have not been negligent unless someone can point this out to me. No point bashing the company, it did not draw up the BFS. All I know is that the company is looking for bidders, The Kitumba mining ministry approval lapses around the 18 May if Interprid do not pay the transfer tax, so we will know in the next few days whether the company has managed to secure alternative funding for Kitumba or not. All I know is that I would rather see a SP of 1p than 0p. Good luck
Not suggesting that some didn't understand it, but plenty on here seemed not to (or were deliberately ignoring the meaning of the RNS) given some of the abusive posts hurled in my direction at the time for pointing it out! There were the usual mob on here who jump from share to share pumping them without having any real knowledge, but given the volume it was probably a bit more organised than that. Literally the only thing which seemed to spark that rise was the RNS that morning - I've seen similar before on these small companies and unfortunately many take the word of posters on these forums without checking the facts ( I remember one share went up over 1,000% in a day due to the people failing to notice the 10:1 consolidation that accompanied a fundraise that people were banging on about having been done at a massive premium!). Hadn't seen that Reuters link but read something similar (can't remember exactly where but looked up Orion when i first covered Weatherly) - had expected Orion to let this one play out though (prior to the reduced mine life news) as seemed the best way to recoup their investment, plus the asset now is technically in negative equity based on the forward forecasts over the likely remaining life (although future commodity prices are an unknown to some extent - only the forward hedged cathode production has any degree of certainty as to price it is sold for).
Have you come across this? Know it’s a few months old old but could be one from the reasons why Orion might want a strategic review: https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN15F2L3
Think this is dillusional if you think PIs were all buying cos they didn’t know what OPD meant! Yes agree few PIs may have misunderstood but can’t be true for all. Think about it! But yes you appear to know your OPD’s well!