Member Info for 99icecream

Unless I missed something we are due an update on the wells drilled and brought into production since 30 Sept 2019. Interesting to know how successful the drilling campaign has been up to now.

If you think that the £40 million taken out of SLE by Tosca (dividend+sale proceeds) means anything about Tosca's opinion on SLE's future, you might look at the recent Times article.

https://www.thetimes.co.uk/article/rottweiler-martin-hughes-moves-to-head-off-woodford-style-crisis-for-toscafund-x3tkv66b5

ELI Akaso is anchored, off Tema Port Ghana (arrived 3rd February).

I hope that ELI Akaso is not being used for floating storage as that would imply that it is not going to be used for its intended purpose anytime soon. On the other hand once the ACOES is in business, won't the neighbouring oil fields also wish to use it ?

"Bangladesh Power Development Board (BPDB) has expressed grave concerns over inadequate gas supplies to its six dozens of power units for electricity production. Sources said the BPDB has received only 1,157mmcfd of natural gas against its requirement of 1867mmcfd. A total of 15 gas-fired power plants having combined capacity of 3190MW could not generate the expected electricity due to a shortfall in the gas supply, an official said."

https://ep-bd.com/view/details/article/NDc1OQ%3D%3D/article-title?q=bpdb+concerned+over+decline+in+gas+supply

The Bid and Offer prices you see are the best Bid and Offer prices in a size of 2,000 shares in the market. If you trade in upto 2,000 shares you should get that (bid or offer) price or better. Your buy is interpreted by observers as a sell as it was below the half way point between the Bid and Offer prices when your trade was reported. This is probably because the Bid and/or Offer changed after your trade.

Short term the real cut will be much larger as the excess oil cannot be stored. Who cuts the most will depend upon who China, Japan, etc choose to buy from. I suspect that Saudi Arabia could be the biggest looser short term. The announced cuts will only matter once the western economies emerge from lock down.

LSE was showing prices from 13 February yesterday afternoon. In reality the price was <=10 all day.

Bangladesh economy to stay strong with 7.8pc growth: ADB

https://www.daily-sun.com/post/473725/Bangladesh-economy-to-stay-strong-with-7.8pc-growth:-ADB

China iron ore futures pick up after recovery in factory activity, steel futures down

https://www.reuters.com/article/us-asia-ironore/china-iron-ore-futures-pick-up-after-recovery-in-factory-activity-steel-futures-down-idUSKBN21I0BD

It means nothing. The last trade was 68 shares at 4.5 p each, total £3.06! That means zero liquidity at the end of the day price fixing, thats all.

"From Monday, all overseas travellers arriving in the Chinese capital Beijing will be sent to quarantine facilities for 14 days at their own cost, according to state media. Authorities in Beijing had previously required all passengers arriving in the capital from overseas to self-quarantine, either at home or in a designated facility, for two complete weeks."

https://edition.cnn.com/2020/03/16/world/coronavirus-covid-19-update-intl-hnk/index.html

"Thus China is likely to have to go through another escalation of cases phase until "herd" immunity is reached"

Or the other possibility is that China restricts foreign travel until such time as the rest of the world is safe. This would probably include restrictions on their students studying abroad, tourism, etc.

Shorting banned for Italian stocks only ?

Possibility of "China $570 billion stimulus raises hopes for copper, iron ore price"

https://www.mining.com/china-570-billion-stimulus-raises-hopes-for-copper-iron-ore-price/

A misleading headline. Of the 706 million indicated resource only 90 million is minable.

"It is technically possible to mine 90 million tonnes of coal from Dighipara"

4kandles - If China are to revive their economy by investing in capital projects, this will raise imports and hence prices of quality Iron Ore. Investing in Simadou and/or Zanaga gives China access to Iron Ore away from the Brazilian / Australia duopoly. It is something that China would do in its own interests, not because it helps another countries GDP.

Steel-Making Materials, Iron Ore And Coal, Could Be Virus Winners

https://www.forbes.com/sites/timtreadgold/2020/03/02/steel-making-materials-iron-ore-and-coal-could-be-virus-winners/#24099f56687f

Iron ore shows rain can triumph over China virus fears

https://www.reuters.com/article/column-russell-ironore-china/column-iron-ore-shows-rain-can-triumph-over-china-virus-fears-russell-idUSL3N2AP1JJ

Or simply Barapukuria management planning for future employment ?